- eToro launches TopTrader CopyFunds™ and Market CopyFunds™on the social trading network
- Top Trader CopyFunds™ is built using machine learning technology that selects the best performing traders on the eToro network.
- Roubini Research shows that one in four investors expect to use social trading and investment services by 2021
eToro, the world’s leading social trading network, is entering the world of thematic investing with the launch of CopyFunds™. CopyFunds™ work by bundling together financial assets of any kind, under one chosen strategy or theme, and are created and traded on eToro .
CopyFunds will be divided into Top Trader CopyFunds™; comprising the best performing and most sustainable traders on the network and Market CopyFunds™ made up of specially-selected instruments such as stocks, commodities or ETFs allowing investors to track a wide array of sectors around a defined market strategy.
Top Trader CopyFunds™ is built using machine learning technology that selects the best performing traders on the eToro network.
CopyFunds™ enable investors to invest in a bundled group of high-performing traders as well as predefined market strategies. CopyFunds™ aim to help investors minimise long-term risk and promote opportunities for growth by creating a diversified investments. CopyFunds™ will be analysed in depth and rebalanced automatically to maximise the potential of returns for investors.
The availability of CopyFunds™ addresses the way investors – especially millennials – intend to trade in the future. Research from thought leadership consultancy, Roubini ThoughtLab, shows that one in four (26%) investors plan on following the trading strategies of others using social trading – increasing to nearly a third (30%) amongst millennials. While one in five (21%) plan to rely more on robo-advice than professional advisors by 2021 .
Speaking about the launch of CopyFunds™, CEO and founder of eToro, Yoni Assia said: “We have dedicated the last decade to shaking up the world of trading. With the launch of CopyFunds™, we’re taking aim at a closed and traditional fund management industry by combining the wisdom of the crowd and machine learning.”
The first CopyFunds™ are available to invest in from $5,000. A full list of funds, including factsheets, will be available at launch.
For more information on CopyFunds™ visit: www.etoro.com.
 Source: Roubini Thoughtlab, September 2016 – Wealth & Asset Management 2021 report