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ICICIdirect to offer global stock portfolios

August 19, 2021

ICICIdirect to offer global stock portfolios

ICICI Securities, which operates ICICIdirect a virtual financial supermarket, has partnered together with US investment advisor ‘Intelligent Advisors’, to offer curated portfolios of international stocks based upon models built by driving worldwide fund managers for the domestic retail investor. This implies that ICICIdirect clients can now be able to invest into portfolios made up of US stocks and exchange traded funds or ETFs, according to a statement shared by the firm today.

ICICIdirect offers investment, protection, and loan products. The tie-up will enable clients to invest in portfolios comprised of ETFs and US stocks managed by Interactive Advisors, in light of the models built by well-known global fund managers like State Street Global Advisors, Global X-by Mirae Asset, Legg Mason (procured by Franklin Templeton Investments), among other portfolio managers.

More than 70 theme based portfolios are already available for investors to browse at ICICIdirect.com, as per its statement. The actively managed portfolios offer a variety of US stocks as well as ETFs.

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