Industry Updates

Moneybox moves into ETFs with expanded investment offering

Including ETFs from Vanguard, BlackRock, LGIM and UBS Asset Management

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Moneybox has added 12 ETFs to its investment offering as the firm moves beyond offering mutual funds to its customers.

In a move designed to offer “diversification rather than speculation”, according to Ben Stanway (pictured), co-founder of Moneybox, popular ETFs including those targeting clean energy and cybersecurity are being added.

Among those being offered are Vanguard’s S&P 500 and FTSE 100 ETFs, seven BlackRockETFs, two Legal & General Investment Management (LGIM) ETFs and UBS Asset Management's S&P 500 ESG ETF.

The 12 ETFs are:

Stanway said: “We have introduced ETFs to provide even more choice for those who want to build diversified investment portfolios aligned to their personal interests and values.

“With assets under administration (AUA) continuing to grow 100% year on year, we are rapidly capturing the mass-market space and our customers increasingly demonstrate that they want to useMoneyboxfor all of their wealth-building needs throughout their lives.”

The additions come as Moneybox reaches over £2.5bn in AUA from more than 750,000 customers.

Moneyboxhas also been expanding into new services including mortgages, with the recent appointment ofCecilia Mourain as managing directorof mortgages, while also entering thepensions market in 2020.

“Our comprehensive product range is designed to help people succeed over the long term, offering the tools and information they need to confidently save and invest toward what matters to them in life,” added Stanway.

This story was originally published on AltFi

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