IG Group launches IG Smart Portfolios

Maria Nikolova

IG Group further diversifies offering and bolsters investment cost transparency via rollout of model investment portfolios constructed by IG using asset allocation insights from BlackRock.

Electronic trading major IG today launches IG Smart Portfolios, a range of model investment portfolios constructed by IG using asset allocation insights from BlackRock.

Ian Peacock, Head of UK and Ireland at IG Group, said:

“Our research shows that many investors are confident handling their own investment choices, but even so, a number are still being blindsided by fees. Hidden charges materially eat into investment returns and it is crucial that providers are transparent about all fees upfront, so that investors know the exact costs they will incur. As we join the digital wealth management industry, we are keen to show that a low cost online service leads to greater consumer control and clarity, without compromising at all on quality. There will be no hidden fees when you invest with IG Smart Portfolios, meaning our client’s investments will work harder for them. Every charge an investor may incur is fully disclosed prior to opening an account and at all times while they invest with IG.”

IG Smart Portfolios

IG Smart Portfolios are constructed by IG using iShares exchange traded funds (ETFs). The five risk-rated portfolios are constructed by IG based on asset allocation insights from asset management company BlackRock. The ETF-based portfolios are rebalanced and continuously monitored by IG’s portfolio management team to respond to market conditions, delivering diversified, risk-assessed returns for minimal cost.

The low cost of ETFs, along with with IG’s low management fees, are set to help maximise returns in the portfolios for investors. There are no set-up, dealing, rebalancing or exit fees. Investors will get complete transparency on costs of the portfolios, with no hidden charges. Investors see the total annual cost of their investment which includes both the platform fee and the underlying portfolio costs. The platform also allows clients access to fractional shares of ETFs, ensuring their money is fully invested.

You can check out the fee structure of IG Smart Portfolios below:

Market opportunity for online investing

The launch comes after IG Group’s development of a market-leading share dealing offering in September 2014, and the introduction of its self-invested personal pensions (SIPPs) offering in May last year. These developments are part of the business’s strategic goal of providing a comprehensive suite of products to investors and traders in the UK.

Research undertaken by IG on investor demands shows a substantial market opportunity for online investing, with half of investors (52%) currently preferring to manage their investments online and four in five (83%) saying they could be persuaded to switch online in the future.

Peter Hetherington, CEO of IG Group, comments,

“The launch of IG Smart Portfolios is an important step in the development of our investments offering. We see a huge opportunity in online investing, with strong demand from investors for online solutions and transparent fees. Through our partnership with BlackRock, and building on our long-standing online trading technology expertise, we believe we have created a best-in-class offering for investors who are seeking an engaging digital low cost solution to their wealth management.”

Read this next

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

Digital Assets

Masa and LayerZero: Bridging Blockchains for Data Sovereignty

Masa Network is poised to revolutionize the personal data landscape with its upcoming launch as a cross-chain platform, making it accessible on a variety of blockchains right from the start.

Digital Assets

Big Time Generates over $100M in Revenue since Preseason

Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token.

<