(Bloomberg) -- How big a threat are the new batch of robo-advisors to traditional active fundmanagers?

Are they, as Sanford C. Bernstein & Co LLC put it in a newresearch note, an "innocuous robot like R2-D2 or are theyTerminator?"

To answer the question, Bernstein analysts openedmultiple accounts at two prominent European-based robo-advisors, Nutmeg Saving and InvestmentLtd. and MoneyFarm SIM SpA.

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