First digital French manager Yomoni launches its offer

French company Yomoni, which presents itself as the first fully-digital French asset manager, has launched its first product Yomoni-Vie.

In detail, the client subscribes to a life insurance contract from Suravenir, a branch of French group Credit Mutuel Arkea. Minimal investment is €1,000.

As a first step, clients must complete a survey online in order to ascertain their risk profile and their savings plans.

Yomoni-Vie proposes a range of ten standard portfolios with different levels of risk and covering five asset classes : equities, corporate bonds, government bonds, cash and commodities. All assets are invested in ETFs. The firm follows up each portfolio on a daily basis for arbitrages.

Yomoni sets a target of €1bn of assets under management in Europe by 2020. The firm said that it has plans to develop equity savings plans and securities accounts at the beginning of 2016.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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