The German stock exchange is offering a free execution service for exchange-traded fund (ETF) savings plan orders on its stock market Xetra.
The abolition of transaction fees for ETF savings plans is regulated by a contract between the stock exchange and the broker – it is one of several measures taken by Deutsche Börse to inform consumers about the advantages of long-term savings via capital markets, it said.
“By abolishing transaction fees, we want to further increase the attractiveness of ETFs as a long-term investment product and also draw new investors to the capital markets,” says Hauke Stars, member of Deutsche Börse’s executive board responsible for cash market, pre-IPO and growth financing.
“It is against the backdrop of steadily falling pension levels that many will have to become more active in the financial markets,” she said.
“German employees currently have two options for closing the pension gap if contributions are not to rise immeasurably: either they will have to work for much longer or they will have to invest their savings for the long term, and widely spread, in the capital markets.”
Deutsche Börse offers a range of information for beginners as well as a digital learning platform for consumers looking to get involved in the capital markets.
An interactive visitor centre is also under construction at the Frankfurt Stock Exchange building.
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