LGIM launches ETF for digital payments

Friday 28 May 2021 11:20 CET | News

UK-based asset manager Legal & General Investment Management (LGIM) has announced the launch of the L&G Digital Payments ETF (‘the Fund’), which offers investors exposure to digital payment technology’s growth potential.

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).

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Keywords: product launch, digital payments, digital assets, financial services
Categories: Payments & Commerce | Online Payments
Countries: United Kingdom
This article is part of category

Payments & Commerce