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Has anyone tried OCBC RoboInvest before? I'm looking into US Tech Leaders and have a moderate to high risk appetite. Anybody tried it before and would recommend it?
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In short, no from a cost perspective. OCBC Roboinvest has a base fee of 0.88% and the cost of investing in the underlying securities/portfolio would most likely cost another 0.5% - 1%.
Total cost of investing with OCBC RoboInvest is at minimum approx. 1.25% and above.
It is expensive but if you want a hassle free approach to the tech exposure, OCBC Robo is passable. To me personally, there are better options out there.
If you are willing to DIY and if you want exposure to the technoloy sector in the US, try looking at VGT ETF listed on NYSE or IUIT ETF listed on LSE.
From a cost persepctive, it is much more efficient.
Would recommend Interactive Broker for foreign market.
Full disclosure : I have not tried OCBC RoboInvest.