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EToro retail customers can now invest in drone technology

Source: EToro

eToro, the multi-asset investment platform, today announces the launch of its latest portfolio, offering retail clients globally the chance to invest in the technological development of drones and their use cases.

Originally developed for use in the military industry, both private companies and individuals are increasingly finding commercial ways to employ drone technology from image mapping to delivery services. The drone market is expected to be worth $100 billion by 2020, driven predominantly by commercial and civil government sectors.

Yoni Assia, CEO and Co-founder of eToro, comments: “This fast growing sector has already provided solutions for so many industries and it’s exciting to see how and where the technology will be used next. By offering our drones portfolio to retail investors, they can also benefit from these technological developments by investing in the companies involved in drone building, equipment manufacturing and service innovation.

“We’re giving retail investors choice. They can either invest in particular companies looking at drone technology or in the eToro Drone CopyPortfolio, which enables people to diversify their risk by having a stake in a multitude of companies across the drone industry value chain.”

The portfolio provides exposure to 37 global companies, including Aerovironment, Parrot SA Boeing, Amazon, Airbus Group and General Electric with equal weighting across each stock. Companies are chosen so that the portfolio reflects operations and services across the value chain, as well as including a diversity of sectors, which drone technology is employed within.

Yoni Assia added: “People like to invest in what they know and this is clearly an exciting sector that people are following. The way people choose to invest is changing. Instead of just researching particular companies, they want to invest in a theme, idea or technology and our CopyPortfolios make it easy for ordinary investors to access thematic investing.”

The drones portfolio is the latest in eToro’s expanding list of thematic investment products covering thematics such as payments, renewable energy, big tech, cryptoassets, gaming companies, banks, genome engineering and the cannabis industry.

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