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Saturday, April 13, 2024

Will We Quickly Purchase Our ETFs at Mintos?


There have been plans at Mintos* for years so as to add ETFs to the product providing. However with the MiFID II license it appears that evidently Mintos lastly has its geese in a row.

Mintos plans to supply ETFs and bonds later this yr. I spoke with Elmars Ciganovics and with Martins Sulte in Riga in regards to the plan. ETFs and bonds are a primary step to broaden the product supply past loans and different asset courses might be added later.

There usually are not but many particulars disclosed across the ETF and bond supply, here’s what I understood:

  • initially there can be a small number of ETFs from just one supplier
  • Mintos is not going to cost traders any charges
  • the ETFs is not going to be purchased by means of a stock-exchange however reasonably by means of a accomplice financial institution

I considerably struggled to see the audience for this product on condition that there are many established low value brokers in lots of European markets. Martins sees the audience in these Mintos clients that up to now haven’t invested on the inventory market however belief the Mintos model and can take step one with them with the good thing about manageing their investments in a single place.

Personally I’m not satisfied that this technique will succeed e.g. with German traders however possibly there are different markets. In any case it will likely be most fascinating to look at.

So that is clearly a cross-selling technique by Mintos the place it’s going to use the prevailing 500,000 traders to promote to initially. However additional on passporting the license to different European international locations will alow Mintos for the primary time to aggressively step up advertising and marketing efforts there.

Martins identified the massive untapped potential he sees with saying that over 60% of American households are instantly or not directly invested on the inventory markets whereas for Europeans this quantity is just over 30%.

mintos volume
And whereas Mintos* presents its place as market chief with confidence, Martins additionally identified that this quantity is small compared with brokers like TradeRepublic. So this appears to be the liga Mintos is aiming for subsequent.

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