European neobroker Bux and investment giant BlackRock have launched an ETF savings plan that delivers exchange-traded fund portfolio trades to European investors.
Bux allows investors to build individual portfolios with BlackRock’s iShares ETFs that offer asset allocation into bonds and stocks across global markets. Investors can set up a monthly Bux Savings Plan that matches their personal interests and investing preferences and can build their own savings plan by choosing from different iShares ETFs, including stocks, bonds, themes, sectors, factors and sustainable ETFs.
The savings plans will have a minimum investment of €10 (£8.79, $10.82) per ETF per month, and €1 commission fee per portfolio trade.
Christian Bimueller, head of digital distribution for continental Europe at 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.”
Yorick Naeff, chief executive at Bux, added: “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.”
Bux is a European neobroker, which is defined as a digital financial services business that makes trading and investing more accessible to a broader consumer base.