Latest News
Postfinance Starts with ETF Saving Plans
PostFinance customers will soon be able to open e-trading saving plans for 30 different ETFs, around 300 shares from major indices, and PostFinance-themed certificates.
Starting June 18, 2024, PostFinance becomes the first major Swiss retail bank to offer its customers the ability to use saving plans for ETFs, shares, and themed certificates.
“Thanks to their simplicity and cost efficiency, saving plans are experiencing growth and increasing popularity among investors,” says Philipp Merkt, Chief Investment Officer at PostFinance.
A saving plan functions much like a standing order. Philipp Merkt explains, “Customers can use the saving plan to buy securities regularly – weekly, fortnightly, or monthly – automatically via the PostFinance e-trading platform.”
Saving plans offer significant flexibility: customers can pause at any time and adjust their maximum investment amount based on their current financial situation.
Comprehensive Range of Saving Plan Options
Customers can choose from a wide array of e-trading products, including 30 different ETFs, with five options per issuer. The partners for the ETF saving plan service include iShares, Invesco, UBS Asset Management, Amundi, Xtrackers by DWS, and Vanguard.
Initially, the saving plan function will be available on the desktop version of e-trading, with integration into the PostFinance App planned for a later stage.
Source: fintechnews.ch
The post Postfinance Starts with ETF Saving Plans appeared first on HIPTHER Alerts.