By THE NATION
The portfolio is an opportunity for long-term investment in companies involved in the mobile, wearable and digital payments sector, including those offering blockchain solutions. The Future Payments portfolio combines both stocks and cryptoassets, presenting a diversified strategy across both asset classes.
“The future of money is constantly evolving into a complex global network. Challenger companies and technologies are entering this space, turning the industry on its head and prompting traditional players to redefine how the world pays for its goods and labour,” said Yoni Assia, chief executive and co-founder of eToro.
“We’re offering retail investors a chance to tap into the payments industry through a diversified portfolio across two different asset classes - stocks and crypto - making this portfolio unique.”
Jasper Lee, Managing Director of eToro Asia, said: “Asia is an important market for eToro and we are committed to growing our user base in the region. Our latest portfolio includes the likes of Alibaba and Tencent, big name stocks that will resonate with retail investors here.”
The portfolio provides exposure to global stocks including Wirecard, Alibaba, Tencent, Bankia SA and Baidu, as well as such cryptoassets as Bitcoin, XRP and Dash. The decision to include cryptos is based on the belief that the payments industry will likely be one of the first to properly adopt blockchain solutions. The companies making up the equity allocation of the portfolio are chosen based on their commitment to innovation within the payments sector, as well as challenger brands that seek to disrupt the industry.
“The way people choose to invest is changing. People want to invest in ideas and technologies that they believe in. Our CopyPortfolios are about making it as easy as possible for ordinary investors to access thematic investing,” Assia added:
FuturePayments is the latest in eToro’s expanding list of thematic portfolios, which include portfolios providing exposure to renewable energy, big tech, cryptoassets, gaming companies, banks, genome engineering and the cannabis industry.