XTB and $10T Giant Partner Up to Promote ETF Investing

After
introducing instruments focused on more passive investing to its offer, XTB is
now collaborating with BlackRock, the world’s largest asset manager, to promote
saving and capital growth through exchange-traded funds (ETFs) among retail
investors.

The
collaboration will launch first in Spain, where data shows consumers have
relatively low savings rates compared to income and XTB wants to change it.
According to Euromonitor, the savings-to-income ratio in Spain was just 5.8% in
2023.

“The
partnership aims to promote a culture of saving and capital management,
investment plans based on ETFs, and raise public awareness of the latest
investment solutions,” said Javier Urones, the Head of Sales for XTB
Spain. “We expect that after our joint action, interest in ETFs may
increase even more.”

🤝Unimos fuerzas con @BlackRock para promover la educación #financiera y la #inversión indexada a través de planes de inversión con #ETFs. A partir de ahora, trabajaremos codo con codo para fomentar también el #ahorro. Aquí puedes ver todos los detalles👇https://t.co/EJuCY5NuJ5

— XTB España (@xtbes) February 26, 2024

ETFs have
grown in popularity globally among investors looking for a low-cost,
transparent way to diversify their portfolios. Data from XTB shows almost 25%
of its Spanish clients already invest regularly in ETFs.

“Millions
of Europeans are embarking on the adventure of investing to build a better
financial future,” said Silvia Senra, the Digital Distribution Director in
Spanish branch of BlackRock. “ETFs have been a frequent choice as a
transparent, low-cost and easy-to-understand starting point.”

XTB and
BlackRock said they see significant potential in working together to reach more
European consumers with education and tools to improve investing and savings
habits over the long term.

Polish Fintech Focuses on
Passive Investing

In
September last year, the Warsaw-listed company introduced “Investment
Plans” based on ETFs into its offer, aimed at attracting investors looking
for safer and more passive forms of investing.

The launch
of automated ETF-based investment plans by XTB aligns with rising consumer
demand for passive index products. Globally, the most popular ETFs track the
NASDAQ 100, S&P 500 and MSCI World indexes.

In Poland,
the percentage of XTB platform users purchasing ETF index funds has jumped from
8% in 2020 to 24% in 2023. A recent national survey also found 45.6% of Polish
investors put money into ETFs.

Two months
later, the fintech
Fintech

Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl

Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Read this Term also introduced interest on idle deposits, aiming to compete
with traditional banks and financial institutions offering savings accounts.
New customers could expect an interest rate of up to 5% on their funds.