FinecoBank releases three new products for British investors

Italian digital bank FinecoBank has given British investors access to three new investment products through Fineco Asset Management (FAM).

The first service is FAM Megatrends, which are a series of investments based on growing and promises centres of modern economy. This includes areas such as oncology, smart cities, FinTech, drones and climate change.

Fund managers can select investments on these macro topics, selecting funds in each sector with a minimum contribution of £100.

FinecoBank’s second new service is FAM Evolution, a series of fund of funds for customers. The products will be available in three different types depending on the risk tolerance. There are various options available in this service including a custom-made series of active and passive strategies, ETFs, and long and short products selected by the FAM team.

The final new product is FAM Series which includes a global asset strategy from the main asset management companies.

Fineco deputy general manager Paolo Di Grazia said, “Some of the most promising economic innovation today is happening in very specific, targeted sectors. As many of these companies are multinationals, privately held or niche, they can be hard to access. Megatrends changes this – allowing nearly anyone to invest in these burgeoning sectors.”

Earlier in the year, FinecoBank made an additional 250 shared and more than 600 ETFs which are listed on the Toronto Stock Exchange, available to investors on its trading platform.

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