- June 23, 2020
Vested Finance’s AUM jumps 10-fold in nine months
Mumbai –(N Maheshwari)– Vested Finance, an online investment platform that enables Indian investors to invest in the US stock market saw total investments in the US markets from India grew 20% month-on-month in May 2020.
The platform registered 30% growth in the number ofpeople who have transferred USD into their accounts for the first time.
Currently, the company is witnessing strong growth among the NRI segment. 10% of their current user base is NRI.
They are aiming to push this number to 20% by end of 2020.The company currently serves NRIs from 60 different countries.
Mr. Viram Shah, CEO and Co-Founder, Vested Finance said, “There is strong interest in geographic diversification from Indians across the globe.
They are seeing the value of investing in US stocks and have started actively tracking global equities and have become global investors.”
“In June, we are seeing our fastest ever growth wherein the total amount of deposits in 15 days has already crossed all of May.
We witnessed 2x increase in deposits in the month of June compared to March and 10x increase in our AUM over the period of past nine months. ”
In today`s world, global companies cannot have a global presence without having a sizeable presence in India.
The observations have indicated that more and more international companies are seeing potential to invest in India, garnering interest among Indian investors to invest in those companies.
Investors across the world have now increasingly started taking into consideration the non-financial impact of companies that they invest in.
One interesting investing trend that Vested Finance has seen in ESG investing.
Today ESG investing is estimated at over $20 Trillion in AUM or a quarter of all professionally managed assets around the world.
It started with a few ESG specialist firms has now become so extensive that nearly every reputed asset management company has multiple ESG funds.
There is a total of 350 ESG funds and ETFs available in the US.
Vested Finance is a California-headquartered U.S. Securities and Exchange Commission (SEC) Registered Investment Advisor (RIA). Vested also has an office in Mumbai.
About Vested Finance ——
Vested Finance is a California-headquartered U.S.
Securities and Exchange Commission (SEC) Registered Investment Advisor (RIA) that provides an online investment platform that enables Indian investors to invest in the US stock market.
The company’s mission is to enable sustainable wealth creation by allowing local investors to go global.
They have also partnered with Drive Wealth, a well-reputed SEC-registered broker in the US. This broker serves clients in 150 countries and is a member of the Securities Investor Protection Corporation (SIPC), which insures securities in their customers’ accounts up to USD 500,000
For Further information, please contact:
Dimple Momaya/ Kailash Yevale
Adfactors PR
9820762036/ 9768580748
dimple.momaya@adfactorspr.com/kailash.yevale@adfactorspr.com
