Isa aims to give smaller investors access to corporate bonds

Fintech company WiseAlpha has launched a high-yield corporate bond Isa.

The firm claims it is the first of its kind which will give retail investors access to corporate bonds, which are usually off-limits due to minimum trade sizes of £100,000.

CEO Rezaah Ahmad, said: “For the first time, investors can access an entire asset class that was previously reserved for institutions. Our High-Yield Corporate Bond Isa represents a leap forward in our mission to democratise finance.”

WiseAlpha said investors can transfer existing Isas and trades start at £100 per bond.

Ahmad added: “We’re empowering everyday investors to achieve higher tax-free income. This new product aligns with our vision of opening up the financial world to smaller investors and giving them the tools they need to succeed.”