French company Yomoni, which presents itself as the first fully-digital French asset manager, has launched its first product Yomoni-Vie.
In detail, the client subscribes to a life insurance contract from Suravenir, a branch of French group Credit Mutuel Arkea. Minimal investment is €1,000.
As a first step, clients must complete a survey online in order to ascertain their risk profile and their savings plans.
Yomoni-Vie proposes a range of ten standard portfolios with different levels of risk and covering five asset classes : equities, corporate bonds, government bonds, cash and commodities. All assets are invested in ETFs. The firm follows up each portfolio on a daily basis for arbitrages.
Yomoni sets a target of €1bn of assets under management in Europe by 2020. The firm said that it has plans to develop equity savings plans and securities accounts at the beginning of 2016.