Robo Funds
DEFINITION
Robo funds are automated investment options that let people invest using strategies run with little or no human support. The teams managing these funds are known as robo-advisors.
ELI5
These are investments run mostly by automated systems instead of people making every choice by hand.
Other related terms
Net Asset Value (NAV)
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Price/Earnings-to-Growth (PEG) Ratio
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Waiting Period
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Insurance Rider
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