Online trading platform, IG Group has launched a range of model investment portfolios, employing asset allocation insights from BlackRock.
The firm said there will be no set-up, dealing, rebalancing or exit fees on the portfolios, with investors being charged a platform fee and the underlying portfolio costs. The platform also allows clients to use fractional shares of ETFs. Back in 2015, IG partnered with BlackRock to launch a range of ETF-based portfolios for its clients. Constructed using iShares ETFs, the five risk-rated portfolios are rebalanced and monitored by the firm's portfolio management team in order to respond to market conditions. The total cost of ownership (TCO) on the first £50,000 invested is 0.90%; ...
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