2023年第一季度机器人投资报告（英）-14页_350kb

The Robo Report (Q1 2023 Summary)

Key Report Details

• Publisher: Condor Capital Wealth Management (Q1 2023 Edition)
• Methodology Changes:
  • Fixed income & equity returns now reported gross of fees; total returns net of fees.
  • Commodities added to equity calculations; special fund allocations handled differently.

Performance Highlights

• 1-Year Top Performers: Fidelity Go (Overall), Wealthfront (vintage 2016) (Equity), Ellevest (Overall)
• 3-Year Top Performers: Wealthfront (vintage 2016) (Overall & Equity), Schwab Domestic Focus (Overall & Equity), Zacks Advantage (Overall & Fixed Income)
• 5-Year Top Performers: Wealthfront (vintage 2016) (Overall), Zacks Advantage (Overall), Fidelity Go (Overall); Zacks (Fixed Income)

Top Strategies & Drivers

• Energy & Dividend Focus: Wealthfront's modest allocation to VDE and SCHD drove performance.
• Low-Duration Fixed Income: Ellevest and Zacks significantly outperformed during Fed rate hikes.
• Domestic Bias: Wealthfront, Zacks, and Fidelity Go benefited from the strong US market.
• Low Fees: Winning portfolios feature extremely low robo advisor & fund fees (e.g., Fidelity Go: 0.35%, Wealthfront: 0.25%).

Industry Updates

• Mergers & Acquisitions: FutureAdvisor sold its direct-to-consumer business.
• Regulatory Actions: Betterment reached SEC settlement; Blooom shutdown ceased operations and led to Morgan Stanley's advisory acquisition.

Last Seen Date: June 20, 2024