Abstract

As a major achievement in the field of Fintech, intelligent investment has gradually become popularized in China due to its low-cost and low-barrier advantages. However, few studies have compared the income gap between robo-advisor and manual decision-making. As a well-known securities company in China, China Securities is at the forefront of the development of intelligent investment and has achieved good results in fund business and intelligent investment business. This study compares fund products managed by China Securities' fund manager with those on the robo-advisor trading platform "Qingting Butler". By comparing its cumulative rate of return during the period and daily yield, calculating the Adjusted R-square, average value, and overall variance, using the unary linear regression analysis method, to explore the gap between manual decision-making and robo-advisor. Based on the comparison between the two major decisions, it will preliminarily explore the development of robo-advisor in the Chinese market and provide a quantitative basis for investors when facing artificial and intelligent investment choices.

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