Industry Updates

Moneybox doubles ETF offering on thematic demand

The digital platform has also offered its first fixed income ETFs

Lauren Gibbons

Brian Byrnes

Moneybox has doubled its ETF offering amid growing customer demand for thematic investing.

The expansion of its 24-strong ETF range comes as Moneybox said it wanted to increase its customers’ ability to diversify on the platform.

Customers with a stocks and shares ISA, lifetime ISA or general investment account can access the ETFs.

The 12 new ETFs cover artificial intelligence, carbon transition and blockchain technology alongside three fixed income products.

This includes four Vanguard ETFs as well as strategies from WisdomTree, JP Morgan Asset Management, UBS Asset Management, Invesco, VanEck, DWS and State Street Global Advisers (SSGA). 

Increased diversification will help its customers “to manage risk and smooth out the effects of volatility”, Brian Byrnes, head of personal finance at Moneybox, said.

The 12 ETFs are:

Moneybox has over £6bn in assets under administration (AUA) across one million customers.

The firm first offered ETFs in 2022, moving beyond offering mutual funds to its customers.

The expansion comes amid the rapid increase of retail ETF adoption across the European market. Last year, BlackRock forecasted that ETF investments via digital platforms in Europe will total €500bn across 10 million new investors by the end of 2026.

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