BlackRock and BUX collaborate to introduce ETF savings plans across Europe

Exchange-traded fund (ETF) savings plans are now available in Europe thanks to a collaboration between European neobroker BUX and significant investment provider BlackRock. The new plan offering offers ETF portfolio transactions utilising ETFs managed by BlackRock subsidiary iShares to customers in Europe.

BUX gives investors the chance to create portfolios using iShares ETFs with a diverse asset allocation across international bonds and stock markets. Investors can create their own savings strategy with the BUX Savings Plan by selecting from a variety of iShares ETFs, including equities, bonds, themes, sectors, factors, and sustainable ETFs.

According to the official statement, investments under the new savings plan begin at €10 per ETF every month and incur a €1 commission fee for each trade of a portfolio.

Yorick Naeff, CEO, BUX, commented:

“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.”

In a poll by BUX spanning five European markets, 42% of respondents cited “lack of information” as their top reason for not investing, while 40% stated they “don’t know where to start.” On the other hand, according to 39% of survey respondents, investing is primarily motivated by long-term savings. Long-term investing can be beneficial for securing a secure financial future, however the majority of poll respondents lacked the confidence to begin investing.

Christian Bimueller, Head of Digital Distribution Continental Europe, BlackRock, said:

“When investing is made cost efficient and accessible, millions of investors turn to iShares ETFs as tools to build investment portfolios and achieve financial well-being. We are delighted to be working with BUX, this partnership creates an efficient way for investors across Europe to reach the benefits of ETFs and investing in global markets in a simple, accessible and cost-efficient format.”

The Netherlands, Belgium, Germany, Italy, France, Spain, Austria, and Ireland will all introduce the BUX ETF savings scheme. BUX stated earlier in December of last year that it was expanding into Spain by purchasing broker Ninety Nine’s retail brokerage division. You can read more about the broker in our BUX Markets Review.

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