ETFmatic Now Offers Robo-advice Service in Multiple Currencies

European investment manager ETFmatic has launched new accounts in three currencies on its flagship robo-advice platform, providing Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded fund portfolios to investors in pounds, euros and US dollars.

ETFmatic, like other robo-advisers, strives to make its offerings more sophisticated by allowing investors to open accounts in three global currencies, which enables them to build a low-cost portfolio that offers greater potential returns.

Robo-advisers claim they offer a service that is particularly attractive to certain types of investors, catering to their individual needs cheaply and easily.

ETFmatic, which launched in January, said that it aimed to enable customers in 17 European countries to easily open and add extra currency portfolios into diversified investments through low-cost index funds that generate highly efficient market returns.

London-based ETFmatic offers two types of portfolios through technology-driven asset-allocation solutions and low-cost ETFs. The first product, dubbed Starter Plans, employs a ‘buy and hold’ strategy based on three broad risk categories – conservative, balanced and aggressive asset allocations. The Dynamic Investments product uses passive ETF portfolios which have been constructed to meet investors individual risk and return requirements, as well as their personality and behavioural traits.

Luis Rivera, CEO and co-founder of ETFmatic, commented: "In response to growing demand from our customers for a simple and cost effective way to diversify investments in multiple currencies, ETFmatic is the first robo-adviser in the world offering accounts in three major global currencies.”

"Our goal is to enable everyone in Europe to easily convert their savings into diversified investments through low-cost index funds that generate highly efficient market returns. Launching dollar portfolios gives European investors more choice and easier access to leading ETFs in the US," he added.