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BlackRock (NYSE:BLK) announced that two iShares ETFs have been selected as investment options for federal Trump Accounts, which aim to help American children build wealth from birth. The iShares Core S&P 500 ETF (IVV) and iShares Core S&P Total U.S. Stock Market ETF (ITOT) each have a 0.03% expense ratio.
BlackRock highlighted related philanthropic efforts, including multimillion-dollar grants to children’s savings programs and a commitment to match the federal government’s $1,000 Trump Account contribution for eligible U.S. employees. The selected ETFs are expected to be available after the program’s official launch.