Leonteq announced the launch of a collaboration with neon under which neon will offer the ETP+ on the FuW Swiss 50 Index NTR to their clients as part of the recently launched investment plan without purchase or deposit fees.
As a challenger of traditional Swiss banking, neon offers a user-friendly account and investment solution as an app for all smartphones.
The collaboration between neon and Leonteq aims to address a new growth market for investment plans in Switzerland. In this context, Leonteq recently launched a dedicated ETP+ on the FuW Swiss 50 Index NTR to enable monthly investments by neon customers in small sizes.
Alessandro Ricci, Head Investment Solutions of Leonteq, stated:
“Our shared goal with neon is to simplify the investment process for retail investors. Together with this fast-growing fintech company, we provide easy and affordable access to a straightforward investment solution that delivers enhanced investor safety through the ETP+ wrapper.”
Timo Hegnauer, Head of Trading of neon added:
“We are excited to also challenge the Swiss retail market for investment plans together with well-established partners like Leonteq. As a leading financial technology company, Leonteq brings their expertise as well as their innovative products to neon invest. We are dedicated to removing barriers to investing: By offering our customers the opportunity to buy the FuW Swiss 50 Index NTR with 0% trading fees as part of the new neon investment plan, our cooperation with Leonteq extends our selection of assets with 0% purchase fees with a product that focuses on Switzerland.”
About ETP+ on FuW Swiss 50 index
The FuW Swiss 50 Index NTR is developed by the editorial team of Finanz und Wirtschaft (FuW) and includes the top 50 tradable Swiss companies. Every six months, the companies in the index are selected according to their free float market capitalization and considering minimum liquidity requirements. The top 25 companies are double-weighted, while the remaining 25 companies are single-weighted, resulting in a broader diversification compared to market capitalization weighted indices. The recently launched ETP+ on the FuW Swiss 50 Index NTR is listed on BX Swiss.
Featured image credit: edited from freepik
