Earlier in December, Hisa Technologies unveiled fractional investing in US Stocks and ETFs for Kenyans after receiving regulatory approval from the Capital Markets Authority.
The US stock market is on track for yet another great year, up by nearly 20% since the start of the year.
Hisa App gives Kenyan investors the ability to own fractional shares of their favourite companies like Apple, Microsoft, Amazon, Tesla, Google as well as over 700 ETFs for as little as $5 via M-Pesa.
How to invest in ETFs via Hisa
Exchange-traded funds (ETFs) are similar to mutual funds but trade like stocks, have become a popular choice among investors looking to broaden the diversity of their portfolios without increasing the time and effort they have to spend managing and allocating their investments.
Hisa gives investors an exposure of more than 2000 ETFs and some of the popular ETFs available on Hisa App include; Vanguard S&P 500 ETF(VOO), Vanguard Russell 2000 ETF (VTWO), Invesco QQQ ETF (QQQ), Schwab US Dividend Equity ETF (SCHD), SPDR S&P 500 ETF Trust (SPY), ARK Innovation Fund among others.
To access more than 2000 ETFs on Hisa, head to the markets sections and click US ETFs.
One must create an investor profile which will be verified by Hisa team after which you can begin investing.