BlackRock, Vanguard, State Street ETFs picked for Trump accounts
The new tax-advantaged savings program for children launches July 4 with a $1,000 government seed contribution and an explicit ban on crypto assets
The US Treasury announced that ETFs from State Street, BlackRock, and Vanguard will power the new Trump Accounts investment program for eligible children.
At launch, all contributions will automatically be invested in the State Street SPDR Portfolio S&P 500 ETF (SPYM), with additional approved investment options including BlackRock’s IVV and ITOT, State Street’s SPTM, and Vanguard’s VTI.
The program provides a $1,000 Treasury-funded investment account for every child born between 2025 and 2028 with a valid Social Security number, aiming to promote long-term investing from an early age.
A number of financial firms, including BlackRock, have pledged to match the government’s initial contribution for their employees’ children. Supporters say the initiative could substantially expand early participation in equity markets and strengthen long-term household wealth.