N26 introduced the launch of Prepared-Made Funds, a brand new providing added to its current Shares & ETFs buying and selling.
Prepared-Made Funds enable clients to pick a multi-asset portfolio made up of Trade-Traded Funds (ETFs) and Index Funds, managed by funding consultants from BlackRock. These funds are allotted throughout fairness, fixed earnings, and non-traditional investments and provide extra diversification than investing in a single asset class. The vary additionally permits clients to decide on a fund choice to match the danger stage they’re most comfy with: Conscious, Balanced or Formidable.
Simplifying Funding Selections
Prepared-Made Funds are the newest addition to N26’s buying and selling providing and are designed to be straightforward, cost- and time-efficient. Customers can choose a fund based mostly on their danger urge for food and ensuing estimated yearly return, immediately throughout the N26 app. The funds provide three totally different goal allocations, with various danger and yield ranges, totally managed by funding consultants. Customers can seamlessly entry their fund by way of the N26 app to observe holdings, deposit or withdraw funds, handle funding plans, and look at fund particulars.
Mayur Kamat, Chief Product Officer at N26, stated:
“Investing within the capital markets is an more and more essential technique to construct wealth over the long run. With Prepared-Made Funds, N26 clients can now embark on their funding journey in a few faucets, backed by the experience of seasoned professionals.”
This new product is obtainable in Germany, Austria, Spain, Eire, The Netherlands, Denmark, Finland, Norway, and Belgium and will probably be regularly made out there to eligible clients over the following few days, ranging from right now. Prepared-made funds are provided in cooperation with BlackRock, giving clients entry to their international funding and multi-asset investing experience.
Timo Toenges, EMEA Head of Digital Wealth at BlackRock stated:
“We’re delighted to work with N26 to convey Prepared-Made Funds to their clients. These multi-asset funds are a part of a easy investing course of that make it straightforward and inexpensive to speculate. With our international funding experience, we goal to empower extra Europeans to take their first steps into investing with confidence and ease, harnessing the benefits of various asset lessons in a number of faucets.”
Till 1 April 2025, N26 will waive its charges for this new product for all eligible clients. Thereafter, Prepared-Made Funds will probably be out there for annual charges beginning at simply 0.29% of the entire funding worth.
