InvestEngine’s client assets have more than doubled so far this year, making it the UK’s fastest growing investment platform in terms of relative growth.
Assets under administration on the ETF trading platform have shot up 117.6% since the start of 2024 to reach £674 million, according to Fundscape data.
Much of that growth came in the three months to the end of September, which saw a 53% rise in InvestEngine’s client assets alone – amounting to an absolute gain of £233.5 million.
While the upstart broker’s assets remain dwarfed by big players such as Hargreaves Lansdown and Interactive Investor, which grew client assets by more than £10 billion and £7 billion over the same period, the large gains from a low base makes it among the fastest growing trading platforms in the UK.
InvestEngine head of investments Andrew Prosser said: “Aside from InvestEngine’s ease of use and low fees, one of the driving forces behind our remarkable growth is the rising popularity of ETFs.”
InvestEngine allows clients to buy around 600 exchange-traded funds with zero commission.
The firm also has a managed ETF investment service, which provides support with what to invest in and charges 0.25% per year.
The level of charges means InvestEngine is cheaper for a customer with £20,000 in their portfolio than rivals such as Hargreaves Lansdown, Nutmeg, Wealthify and Moneyfarm.
InvestEngine’s five most traded ETFs for the month of September are shown below:
| Position | ETF | Ticker |
| 1 | iShares MSCI Emerging Markets IMI | EMIM |
| 2 | Lyxor Smart Overnight Return CSH2 | CSH2 |
| 3 | Vanguard S&P 500 VUAG | VUAG |
| 4 | Vanguard FTSE Developed World VHVG | VHVG |
| 5 | Invesco FTSE All-World | FWRG |
In April 2023, InvestEngine closed a successful crowdfunding round on Crowdcube, raising almost £2 million in new funds, well above a targeted £1.25 million.
The latest fundraising came on a pre-money valuation of £27.60 million, the new issue was oversubscribed within 24 hours, with 1127 investors taking up the opportunity to invest. InvestEngine’s client assets sat at just £170 million at the time.
See the full data set of results from Fundscape below:
Robin has more than six years of experience as a financial journalist, most of which were spent at Citywire, and covers the latest developments in the investing, trading and currency transfer space. Outside of work, he enjoys reading literature and philosophy and playing the piano.
You can contact Robin at robin@goodmoneyguide.com
