XTB, a leading online trading provider, is pleased to announce its collaboration with BlackRock, the world's largest asset manager, to promote savings and capital growth through exchange-traded funds (ETFs) among retail investors. This partnership follows XTB's recent introduction of instruments focused on passive investing, further expanding its investment offerings to cater to the evolving needs of its clients.
The collaboration between XTB and BlackRock will initially launch in Spain, where data indicates relatively low savings rates compared to income. XTB aims to address this issue and encourage a culture of saving among Spanish investors. According to Euromonitor, the savings-to-income ratio in Spain was just 5.8% in 2023, highlighting the potential for increased financial participation and wealth accumulation.
ETFs have gained significant popularity worldwide as a low-cost and transparent investment vehicle, enabling investors to diversify their portfolios effectively. XTB's own data reveals that nearly 25% of its Spanish clients already invest regularly in ETFs, demonstrating the growing demand for these investment products.
By collaborating with BlackRock, XTB aims to leverage the asset manager's expertise and extensive range of ETFs to educate and empower retail investors in Spain. The partnership will provide Spanish investors with access to a diverse selection of ETFs, enabling them to invest in various asset classes, sectors, and geographies.
XTB's collaboration with BlackRock reflects its commitment to offering innovative investment solutions and supporting clients in building long-term wealth. The partnership will enable XTB to expand its product portfolio and cater to the evolving needs of retail investors in Spain, ultimately contributing to the growth of the local investment landscape.
As XTB and BlackRock join forces to promote ETFs and foster a culture of saving in Spain, retail investors can look forward to accessing a wide range of investment opportunities and benefiting from the potential capital growth and diversification offered by ETFs. This collaboration marks a significant milestone for both companies in their shared mission to enhance financial literacy and empower individuals to achieve their financial goals.
