Mintos has launched a collection of personalised trade traded funds (ETFs) with zero fee for retail buyers.
It comes simply weeks after the Latvia-based lending market launched its first high-yield fractional bonds, which permit buyers so as to add company bonds to their portfolios.
The ETFs intention to supply long-term, diversified investments for retail buyers. They characteristic choices from well-known suppliers akin to Amundi, iShares, JP Morgan, and Vanguard. They’re tailor-made to cater to totally different danger appetites, with a mixture of bond and inventory ETFs obtainable.
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Every ETF comes with a minimal funding threshold of €50 (£43) and nil charges.
“At Mintos, we intention at making long-term passive investing a hassle-free expertise,” mentioned Martins Sulte, chief govt and co-founder of Mintos.
“We recognise that in the present day’s buyers typically discover themselves overwhelmed by the huge array of obtainable ETFs and the complicated price constructions nonetheless imposed by many funding platforms once they count on zero commissions as a substitute.
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“That’s why we’re glad to introduce personalised ETF portfolios that cater to totally different danger preferences, making it easy for buyers to construct a well-balanced portfolio aligned with their targets.”
The product has been launched in response to demand from the platform’s consumer base.
In response to a current survey performed by Mintos, 80 per cent of respondents who weren’t but investing in ETFs mentioned that they wished to take action within the close to future. Nevertheless, the first problem was mentioned to be a lack of know-how amongst buyers.
Learn extra: Mintos unveils fractional bonds product