INSUBCONTINENT EXCLUSIVE:
ICICIdirect clients will now be able to purchase portfolios comprised of United States stocksICICI Securities, which operates ICICIdirect -
a virtual monetary grocery store, has actually partnered with United States investment consultant 'Interactive Advisors', to use curated
portfolios of global stocks built on designs built by leading worldwide fund managers for the domestic retail financiers
This suggests that ICICIdirect clients will now be able to buy portfolios made up of US stocks and exchange-traded funds or ETFs, according
to a statement shared by the firm today.ICICIdirect offers financial investment, security, and loan products
The tie-up will make it possible for clients to invest in portfolios made up of ETFs and United States stocks - handled by Interactive
Advisors, based on the designs constructed by well-known global fund managers such as State Street Global Advisors, Global X- by Mirae
Property, Legg Mason (obtained by Franklin Templeton Investments), among other portfolio managers.More than 70 theme-based portfolios are
currently readily available for investors to select from at ICICIdirect.com, according to its declaration
The actively handled portfolios offer a variety of United States stocks along with ETFs.Based upon their risk tolerance, investors can
The portfolios which are across themes such as innovation, wise beta, healthcare, etc are managed by the US investment manager based on
substantial research study and monetary analysis
In August 2020, ICICIdirect released a Global Investment facility for its retail customers in association with US-based Interactive Brokers
After the effective launch of our Worldwide Investments offering which permitted our financiers to invest in markets like the US, UK,
Singapore, Japan, Germany, and Hong Kong in a totally digital manner, lots of customers have been asking us for a center where they might
have professionals directing them for better investment choices, stated Mr
Anupam Guha, Head-- Personal Wealth Management, ICICI Securities
These are actively handled portfolios and hence will come with features like rebalancing
We are confident that this facility will discover resonance with even those investors with low-risk appetite, he added.ICICI Securities
Limited (I-Sec) is a subsidiary of ICICI Bank Limited - the nation's second-largest private lender
On Wednesday, August 18, shares of ICICI Securities settled 0.67 per cent higher at Rs 717.50 each on the BSE.Meanwhile, it was just
recently reported that NSE International Exchange - a wholly-owned subsidiary of the NSE, will quickly permit Indian-based investors to sell
some US stocks, making the Wall Street-listed stocks more budget-friendly to Indian retail financiers.
