After introducing instruments focused on more passive investing to its offer, XTB is now collaborating with BlackRock, the world's largest asset manager, to promote saving and capital growth through exchange-traded funds (ETFs) among retail investors.

XTB and BlackRock Join Forces to Promote Financial Education and ETFs

The collaboration will launch first in Spain where data shows consumers have relatively low savings rates compared to income and XTB wants to change it. According to Euromonitor, the savings-to-income ratio in Spain was just 5.8% in 2023.

"The partnership aims to promote a culture of saving and capital management, investment plans based on ETFs, and raise public awareness of the latest investment solutions," said Javier Urones, the Head of Sales for XTB Spain. "We expect that after our joint action, interest in ETFs may increase even more."

🤝Unimos fuerzas con @BlackRock para promover la educación #financiera y la #inversión indexada a través de planes de inversión con #ETFs. A partir de ahora, trabajaremos codo con codo para fomentar también el #ahorro. Aquí puedes ver todos los detalles👇https://t.co/EJuCY5NuJ5

— XTB España (@xtbes) February 26, 2024

ETFs have grown in popularity globally among investors looking for a low-cost, transparent way to diversify their portfolios. Data from XTB shows almost 25% of its Spanish clients already invest regularly in ETFs.

"Millions of Europeans are embarking on the adventure of investing to build a better financial future," said Silvia Senra, the Digital Distribution Director in Spanish branch of BlackRock. "ETFs have been a frequent choice as a transparent, low-cost and easy-to-understand starting point."

XTB and BlackRock said that they see significant potential in working together to reach more European consumers with education and tools to improve investing and savings habits over the long term.

Polish Fintech Focuses on Passive Investing

In September last year, the Warsaw-listed company introduced "Investment Plans" based on ETFs into its offer, aimed at attracting investors looking for safer and more passive forms of investing. The launch of automated ETF-based investment plans by XTB aligns with rising consumer demand for passive index products. Globally, the most popular ETFs track the NASDAQ 100, S&P 500 and MSCI World indexes.

In Poland, the percentage of XTB platform users purchasing ETF index funds has jumped from 8% in 2020 to 24% in 2023. A recent national survey found 45.6% of Polish investors put money into ETFs. Two months later, the fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term introduced interest on idle deposits, aiming to compete with traditional banks and financial institutions offering savings accounts. New customers could expect an interest rate of up to 5% on their funds.

In its latest move targeting passive investors and cryptocurrency enthusiasts alike, XTB expanded its offering to include BTC ETN as an alternative to the bitcoin ETFs listed in the United States. Until now, the broker offered cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term only in the form of CFDs but has now expanded it to include three cryptocurrency exchange-traded instruments listed in Europe.