ICICIdirect To Offer Curated Global Stock Portfolios By Fund Managers

ICICIdirect barter will now be able to advance in portfolios fabricated up of US stocks

ICICI Securities, which operates ICICIdirect - a virtual banking supermarket, has partnered with US advance advisor ‘Interactive Advisors', to action curated portfolios of all-embracing stocks congenital aloft models complete by arch all-around armamentarium managers for the calm retail investors. This agency that ICICIdirect barter will now be able to invest in portfolios fabricated up of US stocks and exchange-traded funds or ETFs, according to a account aggregate by the firm today.

ICICIdirect offers investment, protection, and accommodation products. The amalgamation will enable customers to advance in portfolios fabricated up of ETFs and US stocks - managed by Interactive Advisors, based on the models complete by well-known global armamentarium managers such as State Street All-around Advisors, Global X- by Mirae Asset, Legg Mason (acquired by Franklin Templeton Investments), amid added portfolio managers.

More than 70 theme-based portfolios are already accessible for investors to accept from at, according to its statement. The actively managed portfolios action a array of US stocks as able-bodied as ETFs.

Based aloft their accident tolerance, investors can accept portfolios. The portfolios which are beyond capacity such as technology, acute beta, healthcare, etc are managed by the US advance administrator based on all-encompassing assay and banking analysis. In August 2020, ICICIdirect launched a All-around Advance ability for its retail audience in affiliation with US-based Interactive Brokers. 

“After the acknowledged barrage of our All-around Investments alms which accustomed our investors to advance in markets like the US, UK, Singapore, Japan, Germany, and Hong Kong in a absolutely agenda manner, abounding barter accept been allurement us for a ability area they could accept experts allegorical them for bigger advance decisions,'' said Mr. Anupam Guha, Head – Clandestine Wealth Management, ICICI Securities.

''These are actively managed portfolios and hence will appear with appearance like rebalancing. We are assured that this ability will acquisition resonance with alike those investors with low-risk appetite,'' he added.

ICICI Securities Limited (I-Sec) is a accessory of ICICI Bank Limited - the country's second-largest clandestine lender. On Wednesday, August 18, shares of ICICI Securities acclimatized 0.67 per cent college at Rs 717.50 apiece on the BSE.

Meanwhile, it was afresh appear that NSE All-embracing Exchange - a wholly-owned accessory of the NSE, will anon acquiesce Indian-based investors to barter in some US stocks, authoritative the Wall Street-listed stocks added affordable to Indian retail investors.

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