eToro Announces E-Commerce Stock Portfolio In Advance of Christmas
eToro has announced on Wednesday a multi-asset stock platform that compromises of stocks from giants in the global e-commerce sector. This minimum investment to qualify for this portfolio, which is being touted as a shopping cart portfolio is $2,000.
The product has been released just before the holiday season, a time when it is expected that these platforms will experience an increase in sales
Lucrative stocks before the holiday shopping season
The detailed announcement stated that there are twenty-five stocks in the portfolio that include the likes of eBay, JD.com, Alibaba and Amazon. Its total market capitalization of those companies within in surpassed $1.9 trillion.
Speaking on the investment portfolio, CEO and co-founder of the platform Yoni Assia said: “We believe that the most successful investors are those who invest in their passions and that’s why we have launched the shopping cart portfolio. Retail is one of the world’s leading sectors, with the industry worth more than £20 trillion, meaning there are plenty of opportunities for investors to make money.”
The company furthermore outlines that it has set the investment minimum for this portfolio at $2,000 and will include to investors rick rating that feature charts and tools that track the performance of the portfolio.
Assia, in his announcement of the investment portfolio added. “The [retail] sector also includes some of the world’s best-loved and fastest-growing brands producing items that many of us use every day. For these reasons, we believe investors will love our new shopping cart portfolio and will be able to tap into an incredibly dynamic sector”
eToro, founded in 2017 has also extended its business interest into the digital asset industry and now provides, through its Gibraltar-registered subsidiary, crypto trading services. To further expand its services, the company has introduced to its United States crypto trading clients, copy trading services.