Robo-adviser appoints TrackInsight for ETF selection

Robo-adviserVaamo Finanz, a robo-adviser based in Frankfurt, has mandated ETF data provider TrackInsight to provide it with ETF ratings and analytics.

The robo-adviser, co-founded in 2013 by its current joint CEO Oliver Vins, will use TrackInsight to select from among 4,000 ETFs.

Vins said: “As a truly independent robo-adviser it is part of our value proposition to our customers that we continuously monitor and analyse the complete ETF universe comprising thousands of funds and pick the best for our portfolios.”

The statement was provided by TrackInsight, and in it Vins also said: “From our experience TrackInsight provides the most reliable data on ETFs.”

Jean-René Giraud, chief executive of TrackInsight, said the agreement came as the European robo-investment industry was reaching a mature state with some established players now addressing the complex questions of asset allocation and ETF selection.

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