The Dutch online broker BUX has just announced partnership with BlackRock to launch an ETF savings plan for European investors. The offering will be available in Ireland, the Netherlands, Belgium, Germany, Italy, France, Spain, and Austria starting January 31st. BUX will allow its investors to build portfolios of BlackRock’s iShares ETFs, which offer access to many different bonds and stocks from global markets. Investors will setup a BUX Savings Plan that will meet their interests and investing strategy. There is a minimum investment of €10 per ETF per month with a €1 commission fee per portfolio trade.
ETF Newz Says:
The new initiative seeks to offer a cost-efficient way for investors to access BlackRock’s ETFs.