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FinTech makes exchange traded funds even more attractive

FinTech is increasingly having a positive impact on the cost and availability of financial products as exemplified by a recent development in the market for exchange traded funds (ETFs).

Investment in ETFs has shown explosive growth in recent years and £2trillion is now invested in such funds.  ETFs track, for example, an index (e.g. FTSE100), a commodity or other assets.

ETFs have a number of potential advantages over tracker funds, investment trusts and open-ended investment companies including liquidity (ETFs can be traded at any time during a trading day) and low costs: the total expense ratio of some ETFs is now as low as 0.07%.  Transaction fees/commissions also need to be paid when trading ETFs and in a recent development, Degiro (a Dutch broker which launched in the UK in 2015) has introduced partially commission-free trading on more than 700 ETFs.

As part of the offer, an investor will be able to trade ETFs commission-free for any transaction above 1,000 Euro after their first trade in a month.  Degiro claims that it is its client-first FinTech approach that enables it to be so competitive in the market.

Disclaimer: This article is produced for and on behalf of White & Black Limited, which is a limited liability company registered in England and Wales with registered number 06436665. It is authorised and regulated by the Solicitors Regulation Authority. The contents of this article should be viewed as opinion and general guidance, and should not be treated as legal advice.

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