Abstract：BUX, a financial technology firm, and neobroker have collaborated with BlackRock, a prominent investment provider, to establish an ETF (exchange-traded fund) savings plan in Europe. The product gives European customers a straightforward method to invest in a diverse portfolio of ETFs managed by iShares, a BlackRock affiliate.
Users may build portfolios using iShares ETFs, which give wide exposure to bonds and equities across global markets. The BUX Savings Plan may be tailored by selecting from a wide range of iShares ETFs, such as equities, bonds, themes, sectors, factors, and sustainable ETFs.
“The desire to begin investing exists, but the knowledge is inadequate, creating a barrier for those who want to begin investing but lack expertise. We have established a suitable solution for customers who are overwhelmed by the number of goods and don't know how and when to start investing by collaborating with Blackrock, a famous specialist in financial markets and products” BUX's CEO, Yorick Naeff, said.
“By working together, BUX and BlackRock can have a significant influence on how Europeans invest and plan for their financial future.”
Investments begin at €10 per ETF every month, with a €1 commission cost per portfolio transaction. The BUX ETF savings plan seeks to assist participants to achieve a more secure financial future by providing a greater knowledge of financial markets and diversification.
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Download and install the WikiFX App on your smartphone through the link https://bit.ly/3wL2KqJ or from the App Store or Google Play Store.
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According to a BUX poll, a lack of understanding is a big barrier to investing, with 42% of respondents identifying it as a reason for not investing. Despite the fact that long-term investing is critical for establishing a secure financial future, many individuals feel frightened by the investment process.
Picking individual stocks for a stock market portfolio is challenging and needs a great deal of expertise and experience. As a result, the business wishes to promote a savings strategy based on passive investing via ETFs.
“Millions of investors turn to iShares ETFs as instruments to develop investment portfolios and attain financial well-being as investing becomes more affordable and accessible. We are thrilled to be collaborating with BUX; this collaboration provides an efficient way for investors throughout Europe to gain the benefits of ETFs and investing in global markets in a simple, accessible, and cost-effective format ” BlackRock's Head of Digital Distribution Continental Europe, Christian Bimueller, stated.
BUX performed a study to investigate investor behavior in the Netherlands, Italy, and Germany. The most essential thing for everyone is to save and accumulate money over time in order to give security to their family.
Over the last year, the European mobile brokerage business located in the Netherlands has set its eyes on aggressive expansion. Finance Magnates recently reported on new licenses, staff changes, and product modifications.
BUX gained its Digital Asset Service Provider (DASP) license from the Autorité des Marchés Financiers (AMF) in December and purchased Ninety Nine, the retail brokerage branch of the Spanish neobroker. With these developments, the corporation expanded into new European markets and clientele.
The platform opted to rename its CFD product to Stryk in July, largely to distinguish its various offerings. The platform, formerly known as BUX X, was released in 2014 and provided services similar to BUX Zero, the company's zero-fee trading software.
BUX named Salim Sebbata, the Chief Executive Officer of its United Kingdom branch, as the Managing Director of Stryk a few months after rebranding.
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Nigeria is experiencing a dollar shortage. The Central Bank of Nigeria (CBN) is currently facing its largest crisis in recent memory.
The Wiki Finance Expo Singapore 2023 will be coming soon this May. We believe that this Expo will be taken to a new level. For more details, please read on.
The Italian financial regulator, Consob, has ordered the blackout of two new websites that offer financial services illegally. This brings the total number of blocked websites to 860 since July 2019. Consob has urged investors to exercise caution and diligence when making investment choices and to check that operators are authorized before investing in websites that offer financial services. It may take several days for the blackout to take effect due to technical reasons.
In today's article, WikiFX will take you on an in-depth review of Vantage Markets, an established broker from Australia.