Lloyds Bank and BlackRock partner to offer retail access to select ETFs

investmentweek.co.uk:

'Delivering investments online and through mobile banking brings the simplicity and affordability of ETFs to more people.'

Clients will be able to access the ETFs with no trading fees if they set up a regular investment plan, which can be opened from just £20 per month.

The ETF Quicklist includes 16 ETFs to help investors create the basic building blocks of an investment portfolio, spanning a range of regional equity exposures, bonds and thematics.

The shortlist can be accessed via a share dealing account or an ISA.

Investing in the ETFs without a regular investment plan will carry a £20 semi-annual admin fee, alongside an £11 dealing fee.

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Manuel Pardavila-Gonzalez, managing director of Lloyds Bank Investments, said: «Investing should be hassle-free, affordable and accessible to all customers, and our new ETF Quicklist will provide an easy way to get started on their investment journey.

»ETFs are a great option for people who want to build and manage their own portfolio. They are simple to understand and offer investors a low-cost, diversified set of holdings. Those who are completely new to investing or less confident selecting their investments could benefit from taking their first step using our new ready-made investments service.

Jane Sloan, EMEA head of iShares and index investing at BlackRock, added: «We are delighted to work with Lloyds Bank to help make investing in ETFs even more accessible to a broader range of investors and easier to understand. Delivering investments online and through mobile banking brings the simplicity and affordability of ETFs to more people.»

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