Robo War Experiment (RWE) Update – April 2024

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/05/04/robo-war-experiment-rwe-update-april-2024/

Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.

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Performance Update

Here is the April 2024 Performance Update:

April saw a sea of red in all the 5 robo advisors' portfolios and the 3 benchmark indices. We saw that the robo advisors generally suffered smaller losses than the indices, with only Endowus and MoneyOwl performed worse than the MSCI ACWI index. StashAway returned to negative territory in terms of XIRR since inception.

Key Observations

1. All 5 robo advisors and 3 benchmark indices suffered losses in April 2024.
2. SquirrelSave suffered the smallest losses among the robo advisors, while MoneyOwl the largest losses.
3. StashAway returned to negative territory in terms of XIRR since inception after enjoying a brief period of positive XIRR in the previous month.

Referral Links

Endowus: https://endowus.com/invite?code=J6YV3
Syfe: https://www.syfe.com/invite/wealth/SRPTRJTFQ
StashAway: https://www.stashaway.sg/referrals/choonght43
MoneyOwl: https://moneyowl.com.sg/app/accounts/sign-up?referral_code=5FZY-58AG
SquirrelSave: https://app.squirrelsave.com.sg/Start/Referralcode?referralid=2996