BERLIN, June 27,
2024 /PRNewswire/ -- Mintos, a leading multi-asset
platform offering a unique mix of alternative and traditional
investment options, is delighted to announce the launch of its
latest product: Mintos Smart Cash. This new money market fund
offering is a great addition to the loans, bonds, ETFs, and real
estate already available on Mintos.
Mintos Smart Cash provides investors with a secure and low-risk
opportunity to place their money in the BlackRock ICS Euro
Liquidity Fund, an AAA-rated money market fund[1]
managed by BlackRock, one of the world's leading providers of
investment, advisory and risk management solutions. The pooled
funds are invested in top-rated, short-term securities such as bank
deposits and government securities, historically associated with
stable returns.
With an entry point of just €1, Mintos Smart Cash offers an
efficient and accessible way to manage money for all levels of
investors. It is an appealing option which could be used as an
alternative to or alongside traditional bank deposits, with the
potential to earn high-interest returns of up to 3.75%
annually[2], paid monthly.
Smart Cash provides the convenience of same-day liquidity, while
offering current market interest rates. Unlike traditional bank
deposits, Smart Cash ensures unparalleled flexibility, allowing
same-day access to funds without lock-in periods, withdrawal
limitations, or penalties associated with term deposits. Moving
cash in and out of Mintos Smart Cash is seamless, requiring just
one click.
Investors in the money market fund benefit from AAA-rated
security, the highest rating possible according to the three major
rating agencies: S&P, Moody's, and Fitch.
"Mintos Smart Cash offers an attractive blend of security,
flexibility, and returns, providing our investors with a valuable
opportunity to diversify their portfolios and manage their cash.
We're pleased to introduce a BlackRock-managed fund, making it more
accessible to retail investors using our platform," says Martins
Sulte, CEO and Co-Founder of Mintos.
Mintos Smart Cash is currently available to investors with tax
residencies in Austria,
Denmark, Estonia, Finland, France, Germany, Hungary, Iceland, Italy, Lithuania, Luxembourg, Norway, Netherlands, Sweden, and Switzerland, with the potential for additional
countries to be added over time.
For more information about Mintos Smart Cash, visit
www.mintos.com/en/smart-cash/invest/
The value of your investment can fluctuate, and the invested
capital is at risk.
A Money Market Fund (MMF) is not a guaranteed investment
vehicle. An investment in MMFs is different from an investment in
deposits; the principal invested in an MMF is capable of
fluctuation and the risk of loss of the principal is to be borne by
the investor. The MMF does not rely on external support for
guaranteeing the liquidity of the MMF or stabilizing the NAV per
share.
[1] The Fund is rated by an external rating
agency(ies). Such rating is solicited and financed by
BlackRock.
[2] This is the current yield and is subject to
change in line with the interest rate environment.
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SOURCE Mintos