Yahoo’s YJFX starts offering investment trusts
The investment trusts will be from Yahoo’s Yjam Trust Series, including funds harnessing the power of AI.
Retail Forex broker YJFX, a subsidiary of Internet giant Yahoo Japan Corporation (TYO:4689), is expanding its offering via the addition of investment trusts. Effective today, the company said in an announcement, it starts offering products under the Yahoo’s Yjam Trust Series.
Let’s note that the offering includes Yjam Plus, an investment trust that taps Yahoo Japan’s Big Data using artificial intelligence (AI) capabilities. In short, to deliver the best management of the clients’ assets, the company uses AI to analyze large volumes of data, ranging from certain market events driven by human psychology to corporate reports and news from all over the world.
YJFX says the diversification of the offering aims to provide its clients with new ways for asset management. Those using Yahoo Japan’s ID will be able to make use of the new service smoothly and quickly by linking this ID with their YJFX account.
The launch of the new service happens as recent data on fund flows for investment trust management companies shows that individual investors in Japan are being lured to trusts that focus on AI and other cutting-edge technologies.
Daiwa Asset Management, for example, registered a net inflow of JPY 370.1 billion in 2017, the largest among investment trust management companies. A fund for investment in robotics-related stocks, introduced by Daiwa at the end of 2015, continues to lure investors. Goldman Sachs Asset Management also recorded strong sales of a fund for global stock investments utilizing big data.
Over the last year, YJFX has changed its offering. In July 2017, the company closed its social trading service Trade Collector, without elaborating on the rationale for doing so.
YJFX’s binary options business has also been affected by the changes to the App Store policy, as the iOS developer guidelines were reformed to state that “Apps that facilitate binary options trading are not permitted on the App Store”. YJFX confirmed in September last year that its binary options trading applications cannot be downloaded from Apple’s App Store.
