XTB, a Polish retail broker, announced this Tuesday that it has expanded its product offering by adding 76 new exchange-traded funds (ETFs) listed in the European Union (EU), increasing it customer’s exposure to foreign markets.
Among the new ETFs, which join the 151 instruments of this type already available for customers of the broker, are commodity ETFs, specifically silver and palladium, a rare and lustrous silvery-white metal.
XTB Reflects Global Trends
According to the statement, XTB added the 76 new items to reflect global trends. Looking at data from Statista.com, investor appetite for ETFs is growing, with the current global value of ETF assets listed on all stock exchanges standing at around $4.5 trillion. This is up by 95.5 percent when compared to 2003 when it was only $204 billion.
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Commenting on the product launched the President of XTB, Omar Arnaout, said in Polish: “The expansion of our offer is a reaction to the changing preferences of investors, among whom foreign shares and ETFs are becoming more and more popular.”
“Our goal is to provide our clients with a diversified range of investment options, with the comfort of managing a diversified portfolio on a single platform. We are analysing further possibilities of expanding our offer, which will result in new products in 2019.”
XTB is a foreign exchange (forex) and cryptocurrency broker, which offers its products via its platform. The broker suggests that the main attraction for ETFs is the potential exposure they can bring to many markets and industries for traders.
“Currently, ETFs for stock indices are the most popular among our clients. Preference is given to those based on stock indices from the European Union and the United States, e.g. S&P500, DAX or Nasdaq. We also notice the interest in ETFs for gold. A novelty in our offer is the ETF for silver, whose price is now at a record low, and for palladium, whose price is higher than gold for the first time in 16 years,” added Filip Kaczmarzyk in Polish, a trading board member of XTB.