‘Money makes the world go around,’ is certainly a catchy song, but one can’t deny its truth. It’s a big world out there, and the financial sector has a diverse and varied interest in keeping the money flowing. Invest in some of the world’s largest and most profitable financial services brands in the world.
ETFs are not only a great way to gain exposure to major stock market indices, like the S&P 500 or FTSE All-Share, but also enable you to access more niche markets or specific sectors.
Exchange-traded funds are exempt from the 0.50% stamp duty. Hold your ETFs as part of an ISA or SIPP tax wrapper, and you can access additional tax benefits.
When buying ETFs, you invest in a basket of stocks that will mirror how a specific index performs without buying all the stocks individually.
ETFs are less management fees involved. They also tend to be less costly than purchasing individual shares - fewer transactions, less trading costs.