N26 has launched Ready-Made Funds to allow customers to select a multi-asset portfolio made up of Exchange-Traded Funds (ETFs) and Index Funds, managed by investment experts from BlackRock.
The new offering was added to its existing Stocks & ETFs trading product designed to make investing easier and more accessible than ever before.
“Investing in the capital markets is an increasingly important way to build wealth over the long term”
Mayur Kamat, Chief Product Officer at N26, said: “Investing in the capital markets is an increasingly important way to build wealth over the long term. With Ready-Made Funds, N26 customers can now embark on their investment journey in a couple of taps, backed by the expertise of seasoned professionals.”
Timo Toenges, EMEA Head of Digital Wealth at BlackRock said: “We are delighted to work with N26 to bring Ready-Made Funds to their customers. These multi-asset funds are part of a simple investing process that make it easy and aordable to invest. With our global investment expertise, we aim to empower more Europeans to take their first steps into investing with confidence and ease, harnessing the benefits of dierent asset classes in a few taps.”
Zero fees until 1 April 2025
Available in Germany, Austria, Spain, Ireland, The Netherlands, Denmark, Finland, Norway, and Belgium, Ready-Made Funds will be gradually made available to eligible customers over the next few days.
Until 1 April 2025, N26 will waive its fees for this new product for all eligible customers. Thereafter, Ready-Made Funds will be available for annual fees starting at just 0.29% of the total investment value.
A third of non-investors in Europe (33%) cite lack of knowledge as a barrier to investing, according to recent data commissioned by BlackRock.
Funds across equity, fixed income, and non-traditional investments
Ready-Made Funds are allocated across equity, fixed income, and non-traditional investments, offering more diversification than investing in a single asset class.
The range also allows customers to choose a fund option to match the risk level they are most comfortable with: Mindful, Balanced or Ambitious.
Users can seamlessly access their funds via the N26 app to monitor holdings, deposit or withdraw funds, manage investment plans, and view fund details.
