December & Company, the operator of the artificial intelligence (AI) investment service Fint, said on the 13th that the amount managed by its Korea stock AI investment has increased about sixfold from the start of the year.
Fint AI Investment's accumulated assets under management (AUM) rose 56% from the start of the year, surpassing 420 billion won. In particular, the AUM for Fint AI Investment that invests in the domestic stock market grew from about 8.5 billion won at the end of last year to 54.3 billion won as of the 12th, expanding sixfold in about 10 months.
During the same period, the number of managed accounts increased from about 870 to about 4,000, and the average asset per managed account grew from 9.78 million won to 13.48 million won.
December & Company noted that, with the recent strength in the stock market leading to more active stock transactions by individual investors, inflows into robo-advisor (RA) services that handle everything from portfolio construction to management have also expanded.
The overall managed scale also increased. The AUM of Fint AI Investment, combining discretionary investment and advisory, rose about 56% from 270.7 billion won at the end of last year to 422.5 billion won as of the 12th.
Chief Executive Song In-seong of December & Company said, "Fint will establish itself as an asset management partner that not only makes investment judgments on behalf of users but also helps anyone continue convenient and sound investing."