US Treasury picks BlackRock, Vanguard ETFs for Trump Accounts

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July 1, 2026 5:57 PM EDT

The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid

July 1 (Reuters) - ‌The U.S. ​Treasury ​has selected two BlackRock exchange-traded funds for Trump Accounts ‌and named Vanguard as an alternate ⁠fund partner for the government's new child ‌savings program, which is ‌set to launch on July 4.

BlackRock's iShares Core S&P 500 ETF (IVV) ​and iShares Core S&P Total U.S. Stock Market ETF (ITOT) were ⁠chosen, both carrying expense ratios of 0.03%. Vanguard Total ​Stock Market ETF (VTI) was named an alternate investment option.

"By giving ​younger Americans the opportunity ‌to start investing earlier, Trump Accounts can help millions ⁠build long-term financial security," said BlackRock Chairman and CEO Larry Fink.

Under the scheme, ⁠the U.S. Treasury will deposit $1,000 as seed ​money into an investment account for each child with a valid Social Security number ‌born between 2025 and 2028.

Many investment firms and corporations, ‌including BlackRock, said they would match ⁠the U.S. government's $1,000 ‌contribution for ​their employees.

(Reporting by Pragyan Kalita in Bengaluru; Editing by Maju ‌Samuel)


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