In a bid to streamline long-term passive investing in ETFs, XTB has rolled out a new offering. Clients can now construct portfolios with a minimum investment of EUR 15, all while enjoying zero commission charges.
Building on the success of its fractional shares venture, the Polish brokerage firm, XTB is now venturing into passive investments anchored in global exchange-traded funds (ETFs). After a successful trial run in Romania, the service is set to launch in Portugal and Slovakia on Monday. Omar Arnaout, the CEO of the publicly-listed fintech company, has disclosed plans to expand this service to additional European markets later this year.
Following the introduction of fractional shares in European markets earlier this spring, which received positive feedback from retail investors, XTB has now introduced another innovative product called ‘Investment Plans’. Several months ago, Finance Magnates reported on XTB’s intentions to introduce savings products in 2023, targeting a broader audience compared to the original association with contracts for difference (CFD).
As XTB’s CEO delves into the company’s internal data, it has been found that in Romania, three out of five XTB clients directed their investments toward ETFs in 2022. In Slovakia, the popularity of these funds is also on the rise, with one in three retail investors opting for them a year ago. In Portugal, only 19% of clients showed interest in ETFs in 2021, a number that has now nearly doubled to almost 50%.