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eToro launches new fund marketplace

First Published 8th February 2017

CopyFunds for Partners allows asset managers to create their own funds on the eToro platform. French robo advisor, WeSave, confirmed as launch partner.

Yoni Assia, eToro

Yoni Assia, eToro

eToro, the social trading investment network, has launched CopyFunds for Partners, giving investment companies the ability to create bespoke funds on the eToro platform

Partners will also have direct access to eToro's suite of customer relationship management tools and performance analytics. French asset manager and robo adviser, WeSave, is the first Partner for eToro's new initiative, offering a CopyFund based on its AlphaCore product.

The WeSave CopyFund has been designed using eToro's suite of over 1,100 financial instruments, which include ETFs, stocks and indices, and will also be made available to WeSave customers.

In addition, eToro has also entered into a collaboration with stock analysis firm, TipRanks. This will allow integration of stock insights and market movements on the eToro platform.

Commenting on the launch of CopyFunds for Partners, CEO and founder of eToro, Yoni Assia, said: "CopyFunds for Partners will help bridge the historic chasm between supply and demand in the investment space, opening up world-class asset management to the mass consumer market and breaking down the traditional barriers to entry."