BUX has partnered with the world’s largest digital asset manager, BlackRock. The financial technology firm and neobroker are working with BlackRock to release an exchange-traded fund (ETF) savings plan for the European market.

BUX partners with BlackRock for an ETF savings plan

This offering allows clients based in the European Union to have an easy way of investing their diversified portfolio made up of ETFs that are managed by BlackRock’s subsidiary, iShares.

BUX is a financial technology company that allows users to create portfolios through iShares ETFs that offer exposure to various financial assets, such as bonds and stocks, across different markets. The Savings Plan offered by BUX can be tailored by selecting from the different ETFs offered by iShares. These ETFs track the values of bonds, stocks, sectors, themes, factors, and sustainable ETFs.

The CEO of BUX, Yorick Naeff, commented on the development, saying there was increased interest in new investments, but there was limited knowledge about the same. The lack of knowledge hindered investments, but this was a challenge that BUX planned to tackle through its relationship with BlackRock.

“By joining forces with BlackRock, a renowned expert in financial markets and products, we have created a good solution for clients overwhelmed by the choice of products and don’t know how and when to start investing,” Naeff added. With BUX and BlackRock working together, it would impact the investments made by Europeans.

The investments into these ETFs will start as low as 10 euros for each, and they will comprise a one euro commission fee that will be charged on each portfolio trade. The ETF savings plan created by BUX seeks to support the growth of a stable financial future while giving investors a better understanding of the financial markets and how they can diversify their portfolios.

The Head of Digital Distribution Continental Europe at BlackRock, Christian Bimueller, commented on this development, saying that investors were shifting their attention toward iShares ETFs because they were accessible and cost-efficient. These ETFs were used to create investment portfolios and promote 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,” Bimueller added.

BUX makes significant changes in 2022

BUX is a brokerage company based in Europe, and its headquarters are in the Netherlands. In December, BUX obtained a Digital Asset Service Provider from the Autorité des Marchés Financiers (AMF). It also closed the acquisition of the retail brokerage division for Ninety Nine.

In July, BUX announced plans to rebrand its contract-for-difference (CFD) product to Stryk to distinguish between different services. Before the rebrand, the platform was initially dubbed BUX X. The platform was created in 2014. BUX later appointed Salim Sebbatta as the Managing Director of Stryk.