A part of Watch Media

AMWatchSunday29 January 2023

  • Search
  • Log in
  • Fund Management
  • Pension
  • Responsible Investing
  • People
  • Search
  • Log in
  • Latest
  • Search
  • Log in
  • Fund Management
  • Pension
  • Responsible Investing
  • People
08/05/2017at 10:37

Bankinvest launches "Darwin" to challenge June

With its "Darwin" project, Danish bank-owned asset manager Bankinvest is going to offer investments in index funds through a mobile app – exactly like Danske Bank's June offering.
by THOMAS BO CHRISTENSEN

Bankinvest, an asset manager owned by a large number of medium and small Danish banks, is now pushing into the territory of mobile investment solutions, which is currently dominated by Danske Bank's June, among others.

Similar to how Denmark's biggest bank recently launched the app June, which allows Danes to invest in ETFs via mobile – or so-called 'index funds' – Bankinvest is now launching project "Darwin". The app is supposed to let customers invest in a selection of balanced funds consisting of ETFs with stocks and bonds.

"We want to accommodate customers who wish to invest, but prefer a self-service solution that is mobile, accessible, and convenient. This could be a customer who, for one reason or another, doesn't want personal counseling on investments, and that is how we expect that we will be able to reach new customer groups," says Lars Bo Bertram, CEO of Bankinvest, in the announcement.

The mobile app is expected to be launched in early 2018, and will work on both iPhone and Android, Bankinvest writes.

Inexpensive investing

The advantage of ETFs is the price of the method, which is far lower than active management – which Bankinvest emphasizes:

"The prices of the products in BankInvest's mobile app will be cost-competitive because it is a self-service solution without access to personal counseling in banks, and because the balanced funds consist of passively managed ETFs with low expenses," Bankinvest writes.

The fund offerings in Darwin will, according to Bankinvest, have varying allocation to equities, which will depend on the customer's risk profile. The more risk the customer accepts, the bigger is the equity allocation will be, the asset manager says in the announcement, citing equity allocations from 10 percent or up to 75 percent.

According to Bankinvest, Darwin is being developed in collaboration with the data processing centers, and a large number of banks will be able to join the solution.

"A number of larger and minor Danish banks among the 37 owners of Bankinvest will introduce the upcoming app to their customers. But more banks from the group of about 50 distributors that Bankinvest collaborates with are also expected to join in," the announcement reads.

At Danske Bank, customers can invest through June for as little as DKK 100 (EUR 13.40), but Bankinvest's announcement does not state a minimum sum for Darwin.

English Edit: Marie Honoré

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Pension firms can play a significant role in steering companies into a more sustainable direction, says SPP and Storebrand Head of Sustainability, Johanna Lundgren Gestlöf. | Foto: Jonas Eng
AMNews

Two additional pension firms join the green club in Swedish sustainability rankings

Swedish unit-link insurance companies have undergone their annual sustainability assessment by insurance brokers, Söderberg & Partners. Several have moved up and down the rankings.
  • Alecta goes from amber to red in sustainability report
  • New sustainability report: Higher quality in fund offerings from Swedish unit-link insurance companies

For subscribers

Maunu Lehtimäki, CEO of Evli. | Foto: PR Evli.
AMWatch

Alternative sales grow and net flows start to stabilize at Finland's Evli

For subscribers

Foto: Shannon Stapleton/Reuters/Ritzau Scanpix
AMNews

Investors are missing earnings data after 2022 IPO collapse

For subscribers

Speed is of the essence when launching new investment products, CFO Masih Yazdi says. | Photo: PR / SEB
Fund Management

SEB aims for speedy product launches to make up for huge AUM drop in 2022

For subscribers

Photo: Thomas Borberg/Ritzau Scanpix
Responsible Investing

Danes' equity holdings shrank by 9% in 2022

For subscribers

Karl C. W. Mathisen fills position as head of equities at Folketrygdfondet on Feb. 1. | Photo: Folketrygdfondet
People

Folketrygdfondet finds new head of equities in own ranks

For subscribers

Further reading

Simon Cooke is the portfolio manager for BNY Mellon's new Responsible Horizons EM Debt Impact Fund. | Foto: PR/ BNY Mellon
Fund Management

BNY Mellon launches EMD impact fund as issuances take off

One of the world’s largest asset managers has launched a new emerging market debt impact fund, and expects the Nordics to take part as one of its largest investor groups, Portfolio Manager Simon Cooke tells AMWatch.

For subscribers

Jacob Schlawitz (left) is the CEO of Max Matthiessen. Mikael Tjäder (right) is the CEO of Fondab, which will soon become fully integrated with Max Matthiessen. | Foto: Max Matthiessen / PR - Fondab / PR
Fund Management

The core of Max Matthiessen's business "will always be insurance brokerage"

Max Matthiessen’s recent acquisition of Fondab will not be its last. The Swedish insurance and finance company aims to own more of the value chain, CEO Jacob Schlawitz tells AMWatch. 

For subscribers

Marlene Nørgaard Carolus has joined Formue as associated partner. | Foto: PR Formue.
AMNews

Norwegian wealth advisor to open Danish office

Formue, wealth consultant based in Norway, plans to open an office in Copenhagen, thereby gaining presence throughout Scandinavia.

For subscribers

Latest news

  • Two additional pension firms join the green club in Swedish sustainability rankings – 27 Jan
  • Investors are missing earnings data after 2022 IPO collapse – 27 Jan
  • Danes' equity holdings shrank by 9% in 2022 – 27 Jan
  • SEB aims for speedy product launches to make up for huge AUM drop in 2022 – 27 Jan
  • Alternative sales grow and net flows start to stabilize at Finland's Evli – 27 Jan
  • Folketrygdfondet finds new head of equities in own ranks – 27 Jan
  • Global clean-energy investments match fossil fuel for the first time – 27 Jan
  • Here is how Norwegian fund managers performed in 2022 – 26 Jan
  • Morgan Stanley fines its bankers over messaging breaches – 26 Jan
  • Slight recovery in SEB’s AUM in fourth quarter – but outflow continues – 26 Jan
See all

Jobs

  • Porteføljemanager til danske ejendomme i PenSam

  • PenSam søger en jurist med interesse for den finansielle sektor

Watch Jobs

  • Tilbudschef - NCC Renovering Vest

  • Jurister søges til Corporate Legal i Danmarks Eksport & Investeringsfond

  • People and Operations Partner

  • Scrum Master with a practical approach

  • Business Intelligence Specialist

See all jobs

Jobs

  • Porteføljemanager til danske ejendomme i PenSam

  • PenSam søger en jurist med interesse for den finansielle sektor

See all jobs

Colophon

AMWatch
Search

Sections

  • Fund Management
  • Pension
  • Responsible Investing
  • People
  • Sitemap
  • RSS feeds

Editor

Anne Louise Houmann

alh@amwatch.dk

Tel.: +45 2830 5142

Editor-in-chief

Anders Heering

Publisher

JP/Politiken Media Group Ltd

Advertising

annoncering@infowatch.dk

Tel.: +45 7077 7491

Advertising

Job Advertising

job@infowatch.dk

Tel.: +45 7077 7491

Jobs

Subscription

Try AMWatch or get an offer for a subscription meeting the exact needs of you or your company.

amwatch@infowatch.dk

Tel.: +45 7077 7491

Learn more about subscriptions here

Address

AMWatch

Rådhuspladsen 37

1785 Copenhagen K, Denmark

Tel.: +45 3330 8382

Guidelines

  • Privacy Policy

Copyright © AMWatch — All rights reserved

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
AMWatch

Google ChromeMozilla FirefoxMicrosoft Edge