Invest
New ETF platform wants to encourage new investors
Just $50 is all an investor will need to buy exchange-traded funds on a recently unveiled micro-investment platform.
New ETF platform wants to encourage new investors
Just $50 is all an investor will need to buy exchange-traded funds on a recently unveiled micro-investment platform.
In an effort to attract new investors to the market, CommSec has launched a micro investing version of its trading product that it said will allow a much larger number of savvy investors the opportunity to buy exchange-traded funds.
Just 4 per cent of Australian adults place a trade online in the share market each year, according to CommSec, despite its own research noting that a much larger number would like to but find barriers to getting started too high.
For CommSec’s executive general manager, Richard Burns, making it easier for Australians to invest will encourage newer investors into the market.
“As Australia’s largest digital broker, we know that many people find investing in shares out of their reach or too complex. We’ve broken down those barriers by significantly reducing the amount needed to get started, reducing the cost of investing as well as simplifying choice,” said Mr Burns.
According to Commsec, its new app offers seven exchange-traded fund (ETFs) options for investors, who are able to invest as little as $50 per trade, with a $2 trade fee.
This figure is just one-tenth of the traditional $500, it was noted.
Micro-investors will be able to invest in the following markets:
- Aussie Top 200: IOZ iShares Core S&P/ASX 200 ETF
- Global 100: IOO iShares Global 100 ETF
- Emerging Markets: IEM iShares MSCI Emerging Markets ETF
- Aussie Dividends: SYI SPDR MSCI Australia Select High Dividend Yield Fund
- Tech Savvy: NDQ BetaShares NASDAQ 100 ETF
- Sustainability Leaders: ETHI BetaShares Global Sustainability Leaders ETF
- Health Wise: IXJ iShares Global Healthcare ETF
Commsec has a history of innovation in Australian stockbroking, Mr Burns said, highlighting the company as being the country’s first online broker back in 1997, and having launched “Australia’s first iPhone trading application, becoming the first broker to offer trading on a smartphone” in 2008.
About the author
About the author
Investment insights
Centuria announces senior internal promotions, strengthening leadership team for new property growth cycle
Centuria Capital Group (ASX: CNI or "Centuria") has strengthened its senior management structure with several internal promotions, effective from Monday, 15 April 2024. The new senior roles are part ...Read more
Investment insights
Institutions and wealth managers favour fixed income over equities, research shows
New research from Managing Partners Group (MPG), the international fund management group, shows professional investors believe fixed income is becoming more attractive than equities over the next 12 ...Read more
Investment insights
Gold prices soar to record high: Two surprising factors fueling the surge
Gold prices have hit a fresh record high, nearing $2,300 an ounce in Thursday trading, and while geopolitical tensions and expectations of interest rate cuts by the US Federal Reserve are commonly ...Read more
Investment insights
Alternative fund managers expect increased fines for regulatory breaches, survey reveals
A new study by Ocorian, a market leader in regulation and compliance services, has revealed that alternative fund managers anticipate a rise in fines for breaking regulations in their sectorsRead more
Investment insights
Institutional investors set to increase allocations to illiquid assets, MPG research reveals
A new study by international asset management company Managing Partners Group (MPG) has found that more than three-quarters (78%) of institutional investors and wealth managers plan to increase their ...Read more
Investment insights
Vanguard reduces management fee for its Australian Government Bond Index ETF
Vanguard Australia has announced a reduction in the management fee for its Vanguard Australian Government Bond Index ETF (ASX:VGB) by four basis points to 0.16% per annum, effective from Monday. Read more
Investment insights
Institutional investors and wealth managers recognise digital assets' role in diversification
A new global research study by London-based Nickel Digital Asset Management (Nickel), a regulated and award-winning digital assets hedge fund manager, reveals growing mainstream acceptance of digital ...Read more
Investment insights
Chinese and European brands dominate top 5 most valuable insurance brands: Brand Finance report
The latest Brand Finance Insurance 100 2024 report reveals that Chinese and European brands continue to dominate the ranking of the world's most valuable insurance brands. Read more
Investment insights
Centuria announces senior internal promotions, strengthening leadership team for new property growth cycle
Centuria Capital Group (ASX: CNI or "Centuria") has strengthened its senior management structure with several internal promotions, effective from Monday, 15 April 2024. The new senior roles are part ...Read more
Investment insights
Institutions and wealth managers favour fixed income over equities, research shows
New research from Managing Partners Group (MPG), the international fund management group, shows professional investors believe fixed income is becoming more attractive than equities over the next 12 ...Read more
Investment insights
Gold prices soar to record high: Two surprising factors fueling the surge
Gold prices have hit a fresh record high, nearing $2,300 an ounce in Thursday trading, and while geopolitical tensions and expectations of interest rate cuts by the US Federal Reserve are commonly ...Read more
Investment insights
Alternative fund managers expect increased fines for regulatory breaches, survey reveals
A new study by Ocorian, a market leader in regulation and compliance services, has revealed that alternative fund managers anticipate a rise in fines for breaking regulations in their sectorsRead more
Investment insights
Institutional investors set to increase allocations to illiquid assets, MPG research reveals
A new study by international asset management company Managing Partners Group (MPG) has found that more than three-quarters (78%) of institutional investors and wealth managers plan to increase their ...Read more
Investment insights
Vanguard reduces management fee for its Australian Government Bond Index ETF
Vanguard Australia has announced a reduction in the management fee for its Vanguard Australian Government Bond Index ETF (ASX:VGB) by four basis points to 0.16% per annum, effective from Monday. Read more
Investment insights
Institutional investors and wealth managers recognise digital assets' role in diversification
A new global research study by London-based Nickel Digital Asset Management (Nickel), a regulated and award-winning digital assets hedge fund manager, reveals growing mainstream acceptance of digital ...Read more
Investment insights
Chinese and European brands dominate top 5 most valuable insurance brands: Brand Finance report
The latest Brand Finance Insurance 100 2024 report reveals that Chinese and European brands continue to dominate the ranking of the world's most valuable insurance brands. Read more