National Bank of Greece’s app, Next by NBG, has added an “Investments” section. Through it, app users gain access to investment services from Wealthyhood Europe S.A., an investment services firm, and can invest in international shares and ETFs from as little as €1, without leaving the app.
A share worth €300 no longer requires an investment of €300: users can buy the fraction of a share that corresponds to the amount they choose, the company said in a statement.
With “Investments”, Next users can:
- choose from more than 2,400 shares, listed mainly on the NYSE and NASDAQ, and more than 940 ETFs, with search functionality, thematic categories and market data,
- invest in ETFs from leading international providers, including BlackRock/iShares, Amundi, Xtrackers, SPDR, Vanguard and Invesco, offering exposure to shares and bonds, as well as commodities and real estate,
- set up their own plan, which automatically invests their chosen amount each month,
- track the performance and value of their investments and transfer money to and from their Next account,
- buy and sell shares and ETFs for a competitive fee, while holding their investments without a subscription or custody fee,
- learn the basics through beginner’s guides, a glossary of terms and market updates.
For those not ready to invest directly, the section includes a euro-denominated money market fund from BlackRock. There is no fixed investment term or fee to buy or sell it, and its return tracks market interest rates.
On Next by NBG and the new features it offers, Christina Theofylidi, National Bank of Greece’s general manager of Retail Banking, said:
“With the new ‘Investments’ section we are adding to National Bank of Greece’s Next app, we are making investing possible in a modern and reliable way. With ‘Investments’, international markets become part of the same environment Next users already use to make payments, save and organise their finances. This makes access to the sometimes complex investment ecosystem simpler and easier.”