European neobroker BUX has partnered with major investment provider BlackRock to introduce an exchange-traded fund (ETF) savings plan in Europe. The new plan offering provides Europe customers ETF portfolio trades using ETFs managed by BlackRock’s subsidiary iShares.
BUX offers investors the opportunity to build portfolios with iShares ETFs with broad asset allocation into bonds and stocks across global markets. With BUX Savings Plan, investors can build their own savings plan with choices between different iShares ETFs, including stocks, bonds, themes, sectors, factors and sustainable ETFs.
The official announcement noted that investments with the new savings plan start at €10 per ETF per month, and €1 commission fee per portfolio trade.
Yorick Naeff, CEO, BUX, commented:
Yorick Naeff
Source: LinkedIn
The appetite to start investing is there, but the knowledge is lacking and becomes a blocker for people who want to begin investing but don’t have any experience. By joining forces with Blackrock, a renowned expert in financial markets and products, we have created a good solution for clients that are overwhelmed by the choice of products and don’t know how and when to start investing. Together, BUX and BlackRock can make a real impact on how Europeans invest and approach their financial future.