ETFs
Smart money app Plum expands investment offering in Ireland with ETFs
Smart money app Plum is expanding its investment offering in Ireland with exchange-traded funds (ETFs).
It is a common investment security that can be bought and sold like an individual stock. ETFs can be structured to track anything from the price of a commodity to a large and diverse collection of securities.
They said customers can invest in over 40 ETFs, from as little as €1.
In partnership with Berlin-based fintech Upvest, Plum now offers its clients investments in euro-denominated ETFs, including fractional shares.
As a result, Plum is able to offer them a broader and enhanced investing experience, in addition to the 3,000 US stocks it already offers.
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 over 40 carefully selected funds in total, such as the S&P 500 US, Artificial Intelligence ETF or Europe Dividend Income.
The launch of the ETFs follows ‘Plum Interest’, a money market fund-based product offering a variable return of up to 3.80 per cent.
Combined with the Plum equity investment product, the company aims to offer Irish savers a comprehensive range of products to build long-term wealth.
Victor Trokoudes, chief executive and founder of Plum, said: “We already know that the Irish are very good at saving. But they have been disappointed by low interest rates and inaccessible and confusing investment options offered by traditional banks and providers.
“That’s why we’ve carefully selected a range of ETFs that will give clients more high-quality options to grow their money.”
“The recent success of our Plum Interest product in Ireland shows that people are hungry for innovative products to build their wealth. »