App: Monzo will allow investments of as little as £1 in multi-asset funds from BlackRockMonzo customers will soon be able to make investments in just a few taps using the bank’s smartphone app. The digital bank with around eight million UK customers will allow investments of as little as £1 in multi-asset funds from investment manager BlackRock. Investors can choose between three profiles named ‘careful’, ‘balanced’ and ‘adventurous’, which come with different levels of risk. There is a fee of 0.59 per cent of the investment value, which includes a 0.14 per cent fund fee and 0.45 per cent platform fee. TS Anil, Monzo chief executive, says: ‘We know [our customers] want to invest in longer-term financial goals but don’t know where to turn.

Source: Daily Mail September 13, 2023 03:03 UTC