BUX and BlackRock join forces to launch ETF savings plans in Europe that offer ETF portfolio trades with iShares ETFs
Sign up to our free newsletters
Savers in eight countries can become investors by building their own portfolios of iShares ETFs in a savings plan on the BUX app, that they can access anywhere and whenever they need.
The ETF savings plan offering will be launched in the Netherlands, Belgium, Germany, Italy, France, Spain, Austria and Ireland.
BUX commissioned a survey of 5000 people across five markets in Europe, finding that saving for the long term is the key motivation to invest.
The Netherlands is most focused on saving long term (15%), with 41% of respondents currently investing or exploring options to invest within the next six months.
15% of Italian investors prioritise saving to provide security for family, with a close secondary investment focus on the long term (14%).
Investors in Germany are most focused on saving for the long term (18%), with the largest number of professional investors (7%).
BUX, one of Europe’s fastest growing neobrokers, and BlackRock, one of the world’s leading providers of investments that aims to help more and more people experience financial well-being, today announce an ETF savings plan offering that delivers ETF portfolio trades in Europe, using iShares ETFs. With more than 1 million users, BUX is one of Europe’s leading online brokers.
BUX allows investors to build individual portfolios with iShares ETFs that offer broad asset allocation into bonds and stocks across global markets. Investors can set up a monthly BUX Savings Plan in just three clicks that matches their personal interests and investing preferences. Investors can build their own savings plan by choosing from different iShares ETFs, including stocks, bonds, themes, sectors, factors and sustainable ETFs.
With minimum investments of €10 per ETF per month, and €1 commission fee per portfolio trade, BUX ETF savings plans can help contribute to a stable financial future and help investors build knowledge of financial markets and diversification to inform their future investment decisions.
Lack of knowledge is the biggest barrier to investing
According to a survey commissioned by BUX, 42% of respondents indicated that ‘a lack of knowledge’ as well as 40% indicating that they ‘don’t know where to start’ as leading reasons not to invest. Even though long-term investing can play an important role in building a stable financial future, and 39% of respondents indicated that saving for the long term was a leading motivation to invest, the survey indicated that a large portion of the surveyed European population is not confident in making investments.
Yorick Naeff, CEO, BUX
“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.”
Christian Bimueller, Head of Digital Distribution Continental Europe, BlackRock
“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 BUX savings plans with iShares ETFs will be available in the BUX app from January 31 across all markets where BUX is available.
Source: ETFWorld.co.uk
Subscribe to Our Newsletter
