- 12 July 2019 09:37
eToro first to give retail investors financial exposure to Facebook’s Libra project
Sydney, Australia, 12 July 2019 -
Yoni Assia, CEO and Co-founder of eToro, comments: “The Facebook Libra project presents a seismic shift for global finance as it is the first time we are seeing a tech giant make a move into finance using crypto. We want to give people the opportunity to take a stake in it as in the past, only the private companies and individuals involved in these historic developments have benefitted from them. We want to change that.
“eToro’s mission is to open up global markets for everyone and is the only place retail investors can get exposure to developing technologies such as the Libra Coin, via a managed and regulated investment product for free.”
The portfolio comprises of the 13 publicly-traded companies involved in the Libra Association and as more companies join it, eToro will look to rebalance the portfolio, where possible. The minimum investment is just $2,000.
Yoni Assia added: “Our range of portfolios are about making it as easy as possible for investors to access the assets they want across a range of themes and ideas that they’re passionate about. That could be anything from renewable energy to big tech, from cyber security to the medical cannabis industry. Given the importance of the Libra project, this portfolio was devised just two weeks after the project’s whitepaper was made public.”
Companies in the Libra portfolio include: Mastercard (MA); Paypal (PYPL); VISA (V); Booking Holdings INC (BKNG); eBay (EBAY); Lyft (LYFT); MercadoLibre (MELI); Spotify (SPOT); Uber (UBER); Facebook (FB); Iliad (ILD.PA); Vodafone (VOD) and Farfetch (FTCH).
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About eToro Australia eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. The eToro platform enables people to invest in the assets they want, from stocks and commodities to cryptoassets. We are a global community of more than 11 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.
eToro has pioneered value-added services such as CopyTrading™ and CopyPortfolios™, as well as the Popular Investor program, which allows eToro qualified members to earn and additional income directly from eToro when their investments are copied by another member and allows others to gain from their wisdom, experience and success.
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