UK investment platform InvestEngine has launched a range of five managed ETF-based portfolios.
The ‘LifePlan’ multi-asset range varies from 20% equity and 80% fixed income allocations to a 100% equity allocation, with all portfolios carrying a 0.25% per annum charge.
InvestEngine the portfolios will be “broadly diversified” across regions and currencies and will be based on ETFs from several of Europe’s largest asset managers.
The firm added LifePlans are just the latest product designed to meet the growing demand for ETF investing in Europe, with ETF ownership in the UK increasing 57% since 2022.
Andrey Dobrynin, managing director and co-founder of InvestEngine, said: “It is our commitment to building services and products which alleviate the issues that investors currently face - high fees, poor user experience and lack of clarity around their investments.
“Focusing on automation, removing fees wherever possible and ETFs clearly meets our customers’ needs and has helped to make us the UK’s fastest growing investment platform. The launch of LifePlans is the next step in this journey, giving investors easy access to professional investment expertise without the limitations.”
The new portfolio offering comes after the platform launched an ETF-powered self-invested personal pension plan (SIPP) in January and an ETF savings plan last June.
