On Wednesday, Amsterdam-based neo-broker BUX announced a partnership with State Street Global Advisors (SSGA), the asset management arm of State Street Corporation, to expand investment opportunities for European retail investors.
BUX and State Street Partner to Expand Investment Plans for European Investors
The collaboration will see BUX grant clients access to SSGA’s SPDR ETFs alongside educational resources.
The company said the flexibility of its investment platform allows investors to set up personalised investment plans that align with their financial goals, and “by including access to SSGA SPDR ETFs, BUX’s clients have the opportunity to further diversify their portfolios.”
They note that delivering educational content is another key element in the new relationship, as they aims to provide investors with information on a wide range of topics in order to make better investment decisions.
BUX notes that customers can build personalised portfolios with a minimum investment of just €10 per ETF.
Yorick Naeff, CEO of BUX, described the partnership as a significant step toward strengthening BUX’s position in the European retail investment market.
“This collaboration will offer our clients access to a new range of ETFs and further advances us in our journey towards making investing more accessible,” he stated.
Matteo Andreetto, Head of Intermediary Clients Coverage, Europe at SSGA, highlighted the increasing popularity of ETFs due to their flexibility and cost-efficiency.
“Our wide range of ETFs enables investors to tailor their portfolios with greater precision to help them achieve their financial goals at lower costs,” he added.
The partnership follows BUX’s acquisition by ABN AMRO, a significant financial institution in the Netherlands.
