Monex's Computer-Managed Mutual Fund Launches

07/30/2009 05:12 am ET | Updated May 25, 2011
  • Lindsay Whipp ft.com

Monex, a Japanese online brokerage, will next month introduce the country's first entirely computer-managed mutual fund, based on programmes developed by winners of a competition set up by the brokerage.

The fund will be run by computer models. The only human input will come from a person delegated to check that orders generated from the models replicate those sent to the exchange for execution, Monex said.

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