BUX, a financial technology company and neobroker, has teamed up with BlackRock, a major investment provider, to launch an ETF (exchange-traded fund) savings plan in Europe. The offering provides European consumers with a simple way to invest in a diversified portfolio of ETFs managed by iShares, a subsidiary of BlackRock.
BUX and BlackRock Join Forces in Europe
The company allows its users to construct portfolios using iShares ETFs that provide broad exposure to bonds and stocks across global markets. The BUX Savings Plan can be customized by choosing from various iShares ETFs, including stocks, bonds, themes, sectors, factors, and sustainable ETFs.
"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," Yorick Naeff, the CEO at BUX, said.
"Together, BUX and BlackRock can make a real impact on how Europeans invest and approach their financial future."
Investments start at €10 per ETF per month and a €1 commission fee is charged per portfolio trade. The BUX ETF savings plan aims to help contribute to a stable financial future and provide investors with a better understanding of financial markets and diversification.
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Focusing on Passive Investing
A survey conducted by BUX showed that a lack of knowledge is a significant barrier to investing, with 42% of respondents citing it as a reason for not doing so. Even though long-term investing is crucial to building a stable financial future, many people are intimidated by the investment process.
Single shares picking for a stock market portfolio is difficult and requires a lot of knowledge and experience. This is why the company wants to promote a savings plan based on passive investment using ETFs.
"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," Christian Bimueller, the Head of Digital Distribution Continental Europe at BlackRock, stated.
A survey conducted by BUX explored investor behavior in the Netherlands, Italy and Germany. For all, the most important thing is to save and build wealth long-term and provide security for their family.
Neobroker Closes Active Year
The European mobile brokerage company headquartered in the Netherlands has set its sights on dynamic growth over the past year. Finance Magnates has recently reported on new licenses, personnel changes and updates to the company's offering.
In December, BUX received its Digital Asset Service Provider (DASP) registration from the Autorité des Marchés Financiers (AMF) and acquired the retail brokerage arm of the Spanish neobroker, Ninety Nine. The company opened up to further European markets and clients with these moves.
In July, the platform decided to rebrand its CFD offering to Stryk, primarily to differentiate its distinct services. Previously known as BUX X, the platform was launched in 2014 and offered services similar to BUX Zero, the company's zero-free trading app.
A few months after rebranding, BUX appointed Salim Sebbata, the Chief Executive Officer of its United Kingdom office, as the Managing Director of Stryk.
