ETFs
Companies respond to growing demand for ETFs in Europe
Customers always want options. From an investment perspective, as they become aware of the risks involved in investing, many are looking to diversify their portfolios. Looking to add more options for consumers, a smart money app, Plum And Spectrum markets (Spectrum), the pan-European financial instruments trading platform, has announced new exchange traded fund (ETF) offerings on their respective platforms.
ETFs have attracted investor interest due to their diversification, liquidity and competitive fees. As such, Spectrum announced that 1,757 exchange-traded funds (AND F) are now available for trading. In the same way, Plum has expanded its investment offering to include ETFs across its European markets.
Plum clients can now invest in funds diversified by geography, sector and asset class. This is in addition to tracking several stock indices from around the world.
Expand your US equity offering
In partnership with the Berlin-based fintech Upvest, Plum now offers its clients investments in EUR-denominated ETFs, including fractional shares. As a result, Plum is able to offer its clients a broader and improved investment experience. This is in addition to the 3,000 US stocks already on offer.
The Easy ETF range, accessible without a paid subscription, consists of three globally diversified ETFs tailored to different risk levels to help clients start their investment journey. The rest of the ETFs are available with pro and premium subscriptions, with more than 40 carefully selected funds in total, such as the CAC 40, the S&P 500 US and the Artificial Intelligence ETF.
Victor Trokoudés, CEO and Founder of Plum explains: “At Plum, we enable people to automatically create wealth over the long term, and offering ETF investments is a natural step in this direction for our EU clients. ETFs allow you to invest in multiple assets at once, reducing costs and creating a more diversified portfolio.
“That’s why we have carefully selected our range of ETFs to provide our clients with a concise but quality offering that meets their needs without overwhelming them.
“By offering diversified, expertly created ETFs, we make it easier for people to invest in the sectors and regions that matter to them. Combined with the ability to choose an ETF tailored to your level of risk, this offering simplifies our clients’ ability to build their long-term wealth with less effort.
ETFs are available to Plum clients in France, Ireland, the Netherlands, Italy, Spain, Portugal, Cyprus and Greece.
Capitalize on Spectrum Trading Hours
The Company’s extended trading hours enable brokers to facilitate intraday trading for their retail investors, in a regulated trading environment. With its advanced infrastructure and technology, Spectrum has been able to innovate to meet the growing demand in this product category. Additionally, it was able to expand its range of available products.
“ETFs are one of the most exciting product categories currently, so Spectrum is pleased to have been able to instantly meet this demand. This marks an important milestone for brokers and retail investors across Europe as they can now access a diverse range of ETFs from some of the most recognized providers through Spectrum,” said Nicky MaanCEO of Spectrum Markets.
“We remain committed to listening to the needs of our customers. We want to make sure they receive this in the most secure and transparent way possible, as we continue to expand our product range on the site.
ETFs from over 30 leading global fund providers will be available for trading on Spectrum during extended trading hours, including:
- BNP Paribas
- Goldman Sachs
- loyalty
- Franklin Templeton
- HSBC
- iShares
- J.P. Morgan
- Legal and general
- Pimco
- State Street
- UBS
- Avant-garde
- tree of wisdom
Provide liquidity
Major market player in Germany, ICF BANK AG, the German securities trading bank, will provide liquidity to ETFs on Spectrum. ICF BANK AG was chosen for its quality of execution, its availability in the order book and the quality of its pricing.
“ICF’s substantial growth in recent years highlights our commitment to innovation and our search for partners who can deliver this. As a result, we believe the collaboration with Spectrum aligns perfectly with our international growth strategy. We look forward to expanding our business beyond Germany and entering the wider European markets in the near future,” added Lars LautenschlägerManaging Director of ICF BANK AG.