PETALING JAYA: According to an asset management expert, the investment industry in Malaysia will always require human input and cannot be fully replaced by artificial intelligence (AI). Chan Ai Mei, the Chief Officer of Capital Intermediary Distribution and Private Retirement Scheme (PRS) at Ariffin Hwang Asset Management, stated that while AI has the potential to offer personalized recommendations based on investors’ needs and preferences in the future, it cannot replace the human touch.
Chan acknowledged that AI tools have been beneficial for industry professionals by improving productivity, processing large amounts of data, identifying patterns and trends, and facilitating informed decision-making for fund managers. However, she emphasized that investing is more than just computational analysis and algorithms. It involves human intuition, the ability to understand people, and gut instincts. Chan believes that a personal touch is essential when discussing wealth, particularly in Malaysia where investments are primarily sold rather than actively sought by individuals.
Chan added that professional advice from qualified wealth consultants remains valuable in navigating the investment landscape and managing aspects like volatility and risk.
Datuk Shireen Ann Zaharah Muhiudeen, a senior investment professional and former Bursa Malaysia chairman, highlighted the importance of liquidity for computer trading driven by AI. She explained that AI requires volatility, which originates from liquidity, and trading with AI is more effective in large liquid markets. In contrast, illiquid markets are susceptible to scams.
Credit: The Star : News Feed
