In November 2016, eToro made a new, innovative financial product available to its traders: CopyFunds™. eToro is one of the first and most established providers of copy trading services, but CopyFunds™ takes copy trading to a new dimension. Instead of being required to comb through thousands of possibilities to select traders and investment strategies to copy, traders can use CopyFunds™ to simplify and expedite the process by choosing from a selection of pre-packaged funds that wrap together a selection top traders or investment strategies/positions in choice markets. There are two types of CopyFunds™: Top Trader CopyFunds and Market CopyFunds.
These funds are selected according to eToro’s own criteria, and work to give an equal investment weighting to a selection of top-performing and active eToro traders. The funds are managed and rebalanced by a machine-learning engine and operate under the supervision of eToro’s investment committee. There are current two funds within this category:
In July 2017 eToro launched the Crypto CopyFund to allow eToro traders to exposure to today’s most popular digital currencies including Bitcoin, Ethereum, DASH, LiteCoin, Ripple and Ethereum Classic. This offering, launched in July 2017, is analyzed regularly and rebalanced monthly to offer traders a diversified portfolio weighted according to market cap. As with all CopyFunds, a minimum $5000 is required.
This offering is markedly different than the Top Trader option: MarketFunds are based upon taking a directional position in one market sector. Just as banks, pensions and mutual funds offer themed investment products in market sectors, so eToro now offer the same. At the time of this review we are not aware of any similar investment opportunities offered by other Forex brokers.
eToro currently offers two MarketFunds:
Review info: eToro
Review Date: 2018-05-14
Rating : 4
Reviewed By : Sara Patterson (Google+)