The new fund invests in companies active in the digital payments value chain with a minimum free float market capitalisation of USD 200 million and an average daily trading volume of at least USD 1 million over a period of at least 3 months. For this, LGIM uses the expertise of the research and consultancy specialist Payments Cards & Mobile. According to an LGIM representative, investing in digital payments can give investors the opportunity to contribute to the global movement for financial inclusion.
The asset manager states that the L&G Digital Payments Undertakings for Collective Investment in Transferable (UCITS) ETF is offering their customers the opportunity to participate in the growth of the cashless economy through a highly liquid product. The ETF is listed on the Deutsche Börse, the London Stock Exchange and the Borsa Italiana. The fund is classified under Article 8 in accordance with the EU regulation on the disclosure of sustainable financial products (Sustainable Finance Disclosure Regulation, SFDR).
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now