Financial institution ING is now providing investors with free Exchange-Traded Funds (ETFs) from Fidelity House.
In a strategic move aimed at addressing the financial challenges faced by customers, ING Germany and Fidelity Investments have expanded their cooperation to offer a range of income-oriented Exchange-Traded Funds (ETFs).
Thomas Dwornitzak, head of savings and investments at ING Germany, believes that in times of low interest rates and rising inflation, income-oriented ETFs can be a solution for their customers. One such ETF is the Fidelity Global Dividend Fund (ISIN: LU1261431768), an A-ACC-EUR fund that covers both equity and bond markets.
The collaboration is not limited to a specific set of ETFs. In the future, a total of 17 Fidelity ETFs will be available to ING customers. Christian Machts, CEO of Fidelity, expressed his delight at being taken on by Germany's largest direct bank as part of its ETF promotion partners, calling it a great success.
The online broker will add Fidelity's ETFs to its range, and investors can purchase these ETFs commission-free with a single investment of 1,000 euros. The Fidelity Global Dividend Fund is already offered as a basic investment without a sales charge by ING.
Christian Machts, who is also responsible for third-party distribution in Germany, Austria, and Eastern Europe, emphasised that the collaboration is a confirmation of Fidelity's approach. The collaboration is not limited to Germany but also includes Austria and Eastern Europe.
ING's ETF promotion is not just about offering ETFs but also about addressing the financial challenges faced by customers. The collaboration includes income-oriented and sustainable ETFs that cover both equity and bond markets.
The company has introduced these ETFs without purchase fees, and in the future, ING customers will have access to all ETF savings plans without fees. This combination of services includes child and joint accounts, with brokerage fees for individual trades starting at 4.90 euros plus 0.25% of the investment amount.
The collaboration between ING Germany and Fidelity Investments is part of ING's ETF promotion and is not explicitly named in the search results. However, ING offers many ETF savings plans without purchase fees, and this collaboration is a significant step towards making these services more accessible to customers.
For investors seeking income-oriented investment options, the collaboration between ING Germany and Fidelity Investments presents a promising opportunity. The Fidelity Global Dividend Fund, for example, is an income-oriented ETF that covers both equity and bond markets. As the collaboration continues to grow, more such opportunities are expected to become available to ING customers.
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