Vanguard teams up with Berlin fintech to push ETF sales in Germany
US ETF provider Vanguard has joined forces with Berlin-based fintech firm Raisin, in a bid to boost its ETF sales among German retail investors.
Raisin, which currently has about 100.000 customers and manages €5bn in assets, has until now focussed on providing savings product offerings. It has now added ETF portfolios to its product range, which come at a minimum investment of €2000 and average annual costs below 0.5%, the firm says.
Investors will be able to choose between four portfolios of DAB BNP Paribas or Vanguard funds with an equity share of 30, 50, 70 and 100 percent respectively and invest globally diversified in up to 16,000 individual securities.
Besides Germany, Raisin also has localized platforms for France, Spain, and Austria and aims to expand its ETF offering across these countries.
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