NH Investment & Securities announced on the 22nd that, ahead of the launch of its retirement pension robo-advisor (RA) discretionary service, it recorded a cumulative average revenue of 20.28% as of the 21st in the Korea Securities Computer Co. (KOSCOM) RA testbed (retirement pension algorithm).
The algorithms held by NH Investment & Securities totaled 36 as of that day, making it the second highest among RA discretionary providers. The cumulative average revenue of the top 10 algorithms was 29.65%.
The algorithm developed in collaboration with the data and analytics consortium recorded the highest revenue. Representatives from NH Investment & Securities noted that finding and optimizing variable values that have a significant impact on results rather than the calculation formula could maximize revenue and explained that they pursued a differentiated strategy called "variable-centered algorithm design."
NH Investment & Securities' retirement pension robo-advisor discretionary service will be launched in this month. It can be purchased through the NH Investment & Securities mobile trading system (MTS), and 16 strategies among 36 retirement pension algorithms are expected to be disclosed.
Lee Jae-kyung, vice president of the Retail Business Division at NH Investment & Securities, said, "To enhance the revenue of retirement pension clients, we will provide opportunities to invest in products that meet client needs by selecting from a variety of strategies of algorithms that recorded high revenues in the testbed," and added, "We will expand the robo-advisor services beyond retirement pensions to various product groups."