Invesco partners with German roboadviser Scalable Capital

On the 01/19/21 at 7:08AM


Tuba Raqshan

Invesco is the new prime partner of digital asset manager Scalable Capital, giving access to its exchange traded funds (ETFs) and exchange treaded commodities (ETCs).
Sascha Specketer, head of DACH & CEE distribution at Invesco

The partnership will increase the invisibility of Invesco’s ETFs and ETCs in Scalable Capital’s applications. Sascha Specketer, head of DACH & CEE distribution at Invesco, said that this move is important to make its ETF offerings more attractive to broad investors.

Investors can by all Invesco ETFs free of charge through Scalable, with access to more than 90 ETFs with diverse focus (such as blockchain, ESG or low volatility divided stocks, for example) that can be combined into a savings plan. Savings plans with low-cost index funds are becoming increasingly popular, said Specketer. “ETF savings plans are particularly suitable for long-term asset accumulation and for investors who are looking yields, but at the same time want to remain flexible, since payments can be suspended, or increased payments can be suspended or increased if the savings instalments cannot be serviced or more money is unexpectedly available. In addition, the ETFs in the savings plan can be sold at any time in an emergency,” he added.

In addition to Invesco, which manages $1.35trn in assets, Scalable Capital has existing co-operations with BlackRock and DWS.The German robo advisor recently raised €50m in a Series D funding on July 22, led by Barclays Bank. Several investors already present in the capital injected new money, including BlackRock, HV Holtzbrinck Ventures and Tengelmann Ventures. Since its creation in 2014, the Munich-based company has already raised €116m.