The US Treasury has selected two BlackRock exchange-traded funds (ETFs) for the Trump Accounts program, a new child savings initiative set to launch on July 4, 2026. The chosen funds are BlackRock's iShares Core S&P 500 ETF (IVV) and iShares Core S&P Total U.S. Stock Market ETF (ITOT), both with expense ratios of 0.03 percent. Vanguard's Total Stock Market ETF (VTI) was named as an alternate investment option.
Under the scheme, the US Treasury will deposit $1,000 as seed money into an investment account for each child born between 2025 and 2028 who has a valid Social Security number. Many investment firms and corporations, including BlackRock, have pledged to match the government's $1,000 contribution for their employees.
BlackRock Chairman and CEO Larry Fink stated, "By giving younger Americans the opportunity to start investing earlier, Trump Accounts can help millions build long-term financial security."
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