Abstract:Embarking on a strategic collaboration with BlackRock, XTB, a prominent financial entity, endeavors to revolutionize retail investing by promoting exchange-traded funds (ETFs) in Spain, aiming to transform saving habits and offer diversified, low-cost investment opportunities to European consumers.
XTB, a key player in the financial sector, is expanding its investment offerings towards passive strategies by partnering with BlackRock, the world's largest asset management firm. The collaboration aims to encourage savings and capital growth through the utilization of exchange-traded funds (ETFs) among retail investors. Initial deployment will occur in Spain, where the savings rate, according to Euromonitor, was 5.8% in 2023, prompting XTB to address this market.
Javier Urones, Head of Sales for XTB Spain, highlighted the partnership's core objective: fostering a culture of saving, effective capital management, and promoting investment plans centered around ETFs. Urones foresees an increased interest in ETFs resulting from this collaboration. Notably, almost 25% of XTB's Spanish clients are already engaged in regular ETF investments.
Globally, ETFs have gained popularity among investors seeking cost-effective and transparent diversification. Silvia Senra, Digital Distribution Director at BlackRock's Spanish branch, noted ETFs' appeal to millions of Europeans pursuing investment for a brighter financial future, citing their transparency, low cost, and comprehensibility.
XTB and BlackRock see significant potential in jointly educating and equipping more European consumers with tools for improved investing and savings habits. XTB's introduction of “Investment Plans” based on ETFs in September aligns with the growing global demand for passive index products. The increase in XTB platform users purchasing ETF index funds in Poland, from 8% in 2020 to 24% in 2023, reflects the escalating interest in these investment strategies.
In response to the demand for passive investments and cryptocurrencies, XTB expanded its offerings beyond traditional avenues. The company introduced interest on idle deposits to compete with traditional banking institutions, offering new customers an attractive interest rate of up to 5%. Additionally, catering to the surge in interest in cryptocurrencies, XTB enhanced its offerings by introducing BTC ETN as an alternative to bitcoin ETFs listed in the United States. This expansion marks a shift from offering cryptocurrencies solely as CFDs to now encompassing three cryptocurrency exchange-traded instruments listed in Europe.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Interactive Brokers has expanded trading hours for US Treasury bonds, now allowing trading for 22 hours daily.
Proprietary trading firms, commonly known as prop firms, have been gaining attention in the forex and cryptocurrency industry. These firms recruit traders to trade with their capital, offering potentially lucrative opportunities. However, the question arises: Are prop firms truly worth the hype?
CFI Financial Group integrates with TradingView, offering clients access to 4,000 trading instruments and a community of 50M+ traders, along with advanced charting tools for an improved trading journey.
A major event is coming! The "WikiFX Global Supervisors Gathering" event has officially launched, and participants will have the chance to win USDT rewards!