IG Group, an online trading platform, has partnered with asset manager BlackRock, to launch a range of exchange traded fund (ETF)-based investment portfolios via IG’s stockbroking platform.
The portfolios, which are expected to roll out in 2016, will be constructed by IG Group using BlackRock’s range of model portfolios.
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The ETF investment solution will initially be available to UK clients.
The new offering complements IG Group’s existing services including stockbroking, contracts for difference (CFD) trading and spread betting.
IG Group head of UK and Ireland Ian Peacock said: "ETFs have become much more mainstream in the UK and Europe, and providing ETF-based portfolios will help to significantly broaden our reach as investor demand for these products continues to grow.
"This initiative will include marketing and educational efforts to raise awareness and understanding of ETFs, and we consider this to be a significant long-term opportunity."
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By GlobalDataBlackRock co-head of sales for iShares EMEA Michael Gruener said: "The global ETF market is currently growing at a rate of 20% per annum and while this growth has traditionally been driven by the use of ETFs as individual building blocks, we are seeing a growing number of integrated ETF-based model portfolios that provide investors with a low cost, transparent, and flexible way to invest."
