The new thematic portfolios are designed as packaged solutions to meet certain investment interests or preferences of MoneyLion investors, and are offered as part of MoneyLion's fully managed investing offering. Additionally, MoneyLion members will be able to include their new thematic portfolios within their existing investment accounts, making MoneyLion the first digital offering to allow users to combine multiple strategies in a single account.
"In today's world, people want to feel like they're investing in something bigger, something that has the potential to change the world. Our new thematic portfolios put our member's interests and passions first," said Dee Choubey, MoneyLion CEO. "We've built an incredible managed investment platform for our members, many of whom are first-time investors, and with the launch of thematic investing, we're allowing our members to further personalize and strengthen their MoneyLion investment accounts based on their personal interests and preferences."
At launch, MoneyLion will offer three new portfolio themes, powered by Global X ETFs and Wilshire. Each portfolio theme lets members invest in a carefully selected set of exchange-traded funds (ETFs) aligned to a specific topic, including:
Investors may choose a portfolio to meet an investment preference or capitalize on a growing trend. For example, the Future Innovation portfolio is benefited by the stay-at home economy. At the end of Q2 2020, there were 129 ETFs totaling $41.3B across the market that focused on ..
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