Investment platform Lightyear is diversifying its offerings by expanding into exchange traded commodities (ETCs) with the launch of gold. This new investment option adds to the platform’s existing suite of over 3,500 stocks, exchange traded funds (ETFs), and money market funds, providing retail and business investors in Europe with another opportunity to diversify their portfolios.
Investing in iShares Physical Gold
Customers can now invest in iShares Physical Gold, which aims to track the day-to-day movement of the price of gold. The gold is backed by allocated gold bars held by JP Morgan, providing investors with added security. By offering this investment option, Lightyear is prioritizing products that help customers manage and diversify their portfolios in the face of rising inflation.
Expanding Offering for European Investors
Lightyear’s co-founder and chief technology officer, Mihkel Aamer, expressed his excitement about the company’s expansion into exchange traded commodities. He highlighted the importance of providing customers with diverse investment options amidst inflationary pressures.
In addition to the new gold offering, Lightyear has recently added BlackRock Money Market Funds (MMFs) to its platform. Furthermore, it has launched UK business investment accounts that enable sole director companies to invest in stocks, funds, and ETFs. With the interest rate product that tracks the Central Bank Rate and the availability of BlackRock Money Market Funds, the inclusion of gold in Lightyear’s offerings further enhances the range of options available to European investors seeking to navigate a higher inflation environment.
Portfolio Insights Feature
Earlier this year, Lightyear introduced more than 100 new UK stocks and ETFs. It also launched a ‘Portfolio Insights’ feature, designed to assist users in diversifying their investments. This feature provides in-depth information on the sectors, companies, and countries in which a user is investing, empowering them to make well-informed investment decisions.