BUX to Offer ETF Savings Plan in Europe with BlackRock

BUX, a
financial technology company and neobroker, has teamed up with <a href=”https://www.financemagnates.com/tag/blackrock/” target=”_blank” rel=”follow”>BlackRock</a>, a major
investment provider, to launch an <a href=”https://www.financemagnates.com/terms/e/exchange-traded-fund-etf/” class=”terms__main-term” id=”359e421f-b994-4977-9cd7-2d5962e5d271″ target=”_blank”>exchange-traded fund (ETF</a>) 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 EuropeBUX 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.Watch the recent FMLS22 panel on back-office technology as a core of every fintech business.BUX Promotes Passive InvestingA 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 BUX 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 BUX Closed Active YearThe
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, <a href=”https://www.financemagnates.com/fintech/neobroker-bux-gets-french-dasp-registration-to-offer-crypto-in-2023/” target=”_blank” rel=”follow”>BUX received</a> its Digital Asset Service Provider (DASP) registration
from the Autorité des Marchés Financiers (AMF) and <a href=”https://www.financemagnates.com/fintech/bux-expands-in-spain-with-acquisition-of-local-neobroker-ninety-nine/” target=”_blank” rel=”follow”>acquired the retail
brokerage arm</a> of the Spanish neobroker, Ninety Nine. The company opened up to
further European markets and clients with these moves.In July,
the platform <a href=”https://www.financemagnates.com/forex/brokers/bux-rebrands-cfds-trading-platform-to-stryk/” target=”_blank” rel=”follow”>decided to rebrand its CFD offering to Stryk</a>, 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, <a href=”https://www.financemagnates.com/executives/bux-appoints-salim-sebbata-as-managing-director-for-stryk/” target=”_blank” rel=”follow”>BUX appointed Salim Sebbata</a>, the Chief Executive
Officer of its United Kingdom office, as the Managing Director of Stryk.