Postfinance Starts with ETF Saving Plans – Fintech Schweiz Digital Finance News

Free NewsletterGet the hottest Fintech Switzerland News once a month in your InboxPostFinance customers will in future be able to open e-trading saving plans for 30 different ETFs, around 300 shares from the most important indices and PostFinance themed certificates.As of 18 June 2024, PostFinance is the first major Swiss retail bank to offer its customers access to the saving plan function for ETFs, shares and themed certificates.Philipp Merkt“Thanks to their simplicity and cost efficiency, saving plans are experiencing growth and increasing popularity among investors,”says Philipp Merkt, Chief Investment Officer at PostFinance.Put simply, a saving plan works like a standing order. Philipp Merkt explains:“Customers can use the saving plan to buy securities regularly – weekly, fortnightly or monthly – and automatically via the PostFinance e-trading platform.”Saving plans offer a great deal of flexibility: customers can take a break at any time, and they can also adjust their maximum investment amount based on their current financial possibilities.Comprehensive range of saving plan optionsCustomers can choose from a wide range of e-trading products: there are a total of 30 different ETFs, i.e. five per issuer. The partners for the ETF saving plan service are the issuers iShares, Invesco, UBS Asset Management, Amundi, Xtrackers by DWS and Vanguard.The saving plan function will initially be available in the desktop version of e-trading. Integration into the PostFinance App will follow at a later stage. Get the hottest Fintech Switzerland News once a month in your Inbox