ETFmatic Now Presents Robo-advice Service in A number of Currencies

European funding supervisor ETFmatic has launched new accounts in three currencies on its flagship robo-advice platform, offering exchange-traded fund portfolios to traders in kilos, euros and US {dollars}.

ETFmatic, like different robo-advisers, strives to make its choices extra subtle by permitting traders to open accounts in three international currencies, which allows them to construct a low-cost portfolio that provides better potential returns.

Robo-advisers declare they provide a service that’s notably engaging to sure varieties of traders, catering to their particular person wants cheaply and simply.

ETFmatic, which launched in January, mentioned that it aimed to allow prospects in 17 European nations to simply open and add further forex portfolios into diversified investments by way of low-cost index funds that generate extremely environment friendly market returns.

London-based ETFmatic presents two varieties of portfolios by way of technology-driven asset-allocation options and low-cost ETFs. The primary product, dubbed Starter Plans, employs a ‘purchase and maintain’ technique primarily based on three broad danger classes – conservative, balanced and aggressive asset allocations. The Dynamic Investments product makes use of passive ETF portfolios which have been constructed to satisfy traders particular person danger and return necessities, in addition to their persona and behavioural traits.

Luis Rivera, CEO and co-founder of ETFmatic, commented: “In response to rising demand from our prospects for a easy and price efficient strategy to diversify investments in a number of currencies, ETFmatic is the primary robo-adviser on the planet providing accounts in three main international currencies.”

“Our objective is to allow everybody in Europe to simply convert their financial savings into diversified investments by way of low-cost index funds that generate extremely environment friendly market returns. Launching greenback portfolios offers European traders extra alternative and simpler entry to main ETFs within the US,” he added.

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