back Back

Wealth8 adds J.P. Morgan Asset Management sustainable ETF to its platform

By Leandra Monteiro

April 01, 2022

  • Asset Management
  • Equity
  • ETF
Share

Wealth8 Wealth8 has expanded its investment offering with the introduction of a J.P. Morgan Asset Management (JPMAM) sustainable ETF to the platform’s current line-up. As of 1 April 2022, Wealth8 customers will be able to access the JPM Carbon Transition Global Equity UCITS ETF.

JPCT will offer investors at least 30% less carbon intensity than the MSCI World Index, and a year-on-year decarbonisation target of at least 7%, in line with the European Union’s Climate Transition Benchmark framework for sustainable investing.

With the financial performance of sustainable investment opportunities and better understanding of the role companies can play in positively impacting society, Wealth8 believes their community will benefit from having access to these investment options as the new ISA season approaches.

Edward Malcolm, Head of UK ETF Distribution at JPMAM, said: “We’re excited to be working with Wealth8 and supporting the sustainable investment goals of Wealth8 customers. As a growing number of investors explore the carbon transition readiness of their investment portfolios, many are keen to embark on this journey while maintaining broad diversification, a low tracking error and cost-efficiency. Our carbon transition global equity ETF has been designed to unite these needs as part of a sustainable ETF solution.”

Bimpe Nkontchou, Co-founder of Wealth8, said: “At Wealth8, we aim to close the wealth gap in the UK, and eventually on the African continent, by using fintech to promote financial literacy and provide easy access to investment solutions to an under-served community of black and multi-ethnic people. Our message is that everyone should have the ability to build wealth, even by starting with as little as £8.”

At the end of last year, Wealth8 closed a £350,000 pre-seed round to help build up its resources for expansion in the UK. Starting with a focus on serving the UK and its large African and Caribbean community, the start-up’s plan is to expand into major economies on the African continent such as Nigeria, Ghana and Kenya, to serve a wider range of people who have not previously been able to access these global funds due to various barriers. Investors in the pre-seed round included Tokunbo Ishmael of Alitheia Capital, Ventures Platform, Rising Tide Africa, Bold Angel Fund and a number of notable angel investors.

David Fisayo, Co-founder of Wealth8, added, “We bring investment and wealth creation services to under-served communities while challenging the misconceptions that wealth management should be limited to individuals with significant amounts of money. J.P. Morgan has a long history of supporting the financial health of under-served communities through their Advancing Black Pathways and other programmes, recognising the importance of tackling conversations around wealth, equality and inclusion. We’re excited to have J.P. Morgan on board and to benefit from their experience and expertise to support our mission.”

Previous Article

April 01, 2022

Ratepay enters payment partnership with PayPal

Read More
Next Article

April 01, 2022

Klarna debuts new open banking service

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Asset Management

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 19, 2024

Wagestream raises $21.8m to expand financial well-being app

Read More

April 18, 2024

Alter Domus goes live on the Temenos Multifonds platform

Read More

April 15, 2024

9Basil Group announces acquisition of AlteriQ

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023