Multi-asset stock platform eToro on Wednesday has launched an investment portfolio with stocks of leading global e-commerce giants.
Dubbed shopping cart portfolio, the product has been brought ahead of Christmas and New Year when a significant increase in the sales on these platforms is expected.
Lucrative stocks ahead of the shopping season
As detailed in the announcement, the portfolio consists of 25 stocks of global e-commerce brands, including Amazon, Alibaba, JD.com, and eBay. The total market capitalization of the companies exceeds $1.9 trillion.
Commenting on the new investment portfolio, Yoni Assia, co-founder, and CEO of the platform, 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 also detailed that it has put a minimum investment limit of $2,000 in the portfolio and will also provide risk ratings to the investors, including access tools and charts to track the portfolio’s performance.
“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,” Assia added.
Founded in 2007, eToro also dipped its toes in the digital asset industry and offers crypto trading services via its Gibraltar-registered subsidiary.
Meanwhile, to expand its services, the company introduced copy trading services to its crypto trading clients in the United States.
The company is also confirmed about the development of a debit card after the news was leaked.