MyInvest as autopilot for your investments - Ameriabank presents new  terms for investors

ArmInfo.  On July 30, Ameriabank held its latest Investor Day, this time dedicated to the  first half of the year in financial markets.  The event began with an  analysis of the S&P 500 stock index, which includes shares of 500 of  the world's largest companies, including Apple, Nvidia, Google,  Amazon, and others.

Gurgen Ayvazyan, Chief Financial Markets Analyst at Ameriabank,  presented charts and statistics to the meeting participants and  explained that the top ten companies in the S&P 500 index account for  a market capitalization of $74 trillion, while the market  capitalization of the entire US stock market is $77 trillion.   According to him, the technology sector, particularly the  semiconductor segment, accounts for the largest share by industry  share, quadrupling growth since 2020. It's followed by the energy  sector.  Communications accounts for the smallest share.

The speaker also analyzed his own forecast made six months ago,  presented new expectations for the second half of the year, and  answered questions from meeting participants.

However, the main news of Investor Day was the announcement of new  terms for investors on the My Invest platform.

Ameriabank Investment Tribe Director Artush Yengibaryan announced  that users who make regular purchases and allocate part of their  salary to investments will now be able to make purchases on the My  Invest platform with a $1 commission, up from the previous $5. "I'm  sure many have been waiting for this news. I think this opportunity  will bring everyone to a platform offering sound, long-term  investments," he said. The speaker introduced the service's updated  functionality to participants, allowing them to choose not only the  number of shares to purchase but also the recurring payment amount  and investment frequency.  "80% of your investment portfolio's  success depends on discipline. And we take this burden of discipline  on ourselves - My Invest becomes your investment autopilot," Ayvazyan  emphasized.

He also reported: "In the first half of the year, the number of  investors on the My Invest platform grew by 72%, indicating that the  platform is becoming more accessible and user-friendly. Investors  under 35 remain the most active group. At the same time, users aged  18 to 24 are showing the highest growth rates. This is encouraging,  as it indicates that young people are taking a more prudent approach  to managing their savings." He noted that women have also become  significantly more active on the platform: their number has increased  by 85%, and the volume of their transactions has tripled. He named  Nvidia, Snap Inc., and S&P 500 stocks as the most popular purchases.  As a reminder, Ameriabank is a leading financial technology  institution in Armenia and plays a vital role in the country's  economy. As part of its digital transformation strategy, the Bank  introduces and continuously improves unique products, services, and  innovative platforms designed to meet the financial and non-financial  needs of its clients. As a dynamically developing fintech  environment, Ameriabank offers comprehensive solutions to improve  quality of life.  Detailed information about the MyInvest platform is  available at https://myinvest.am/ru.  https://myinvest.am/ru.