Consorsbank Launches Fee-Free ETF Savings Plan for Diversified Investing
Investors at Consorsbank can now benefit from a fee-free ETF savings plan, offering access to 66 Invesco ETFs starting October 1st. This collaboration between Invesco and Consorsbank aims to provide a simple and effective way to save money through regular, small investments.
The ETF savings plan allows investors to diversify their portfolio across various markets, reducing the risk of loss. Customers can choose from flexible savings intervals, execution dates, and amounts, starting at just €25 per month. The plan can be adjusted or paused at any time to suit individual financial circumstances.
An unnamed ETF Sales Manager from Invesco's Wealth Management team commented on the initiative, highlighting its simplicity and effectiveness. They noted that the plan enables investors to save money over time with small, regular investments, making it an attractive option for both new and experienced investors.
The cooperation between Invesco and Consorsbank is set to last for three years, with more ETFs to be added upon listing on the Tradegate platform. This fee-free ETF savings plan provides an accessible and flexible way for investors to save money, with the potential for further expansion in the future.
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