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BlackRock tapped to supply two iShares ETFs for federal “Trump Accounts” for children
The Apex Times

THE APEX TIMES

Business/The Apex Times/Jul 2, 4:37 PM EDT

BlackRock tapped to supply two iShares ETFs for federal “Trump Accounts” for children

The U.S. Treasury’s ETF lineup for new youth accounts includes BlackRock’s iShares Core S&P 500 ETF (IVV) and iShares Core S&P Total U.S. Stock Market ETF (ITOT), positioning the firm’s flagship index funds inside a government-backed investment framework.

BlackRock will play a role in the U.S. Treasury’s investment lineup for new federal “Trump Accounts” designed for children, according to a report published by Yahoo Finance on July 2.

The program’s stated purpose is to create foundational investment options for eligible beneficiaries, with the Treasury naming iShares ETFs managed by BlackRock as two of the core choices.

In the selection, BlackRock’s iShares Core S&P 500 ETF (IVV) is named as a foundational option, giving participants exposure to the S&P 500, a widely followed index of large U.S. companies.

The Treasury also selected BlackRock’s iShares Core S&P Total U.S. Stock Market ETF (ITOT) as another foundational option, intended to provide exposure to a broader slice of the U.S. stock market than the S&P 500 alone.

The broader ETF package referenced in web search includes products from multiple major index-fund providers, suggesting the Treasury is seeking low-cost, standardized vehicles rather than individualized portfolios for the accounts.

BlackRock, which is publicly traded on the NYSE under the ticker BLK, has long marketed its iShares line as a core platform for index-based investing, including ETFs focused on broad U.S. equity benchmarks.

What remains unclear from the available reporting is how the Trump Accounts will handle allocations across the named ETFs over time, what fee terms will apply inside the accounts, and whether the lineup can change as rules or market guidance evolves.

Investors and observers will be watching for additional Treasury documentation on the program’s operating details, including implementation timelines and any disclosures about account-level costs and the mechanics of selecting among the approved ETF options.

Why It Matters

  • Inclusion in a government account lineup could expand the reach of widely held index ETFs beyond traditional brokerage and retirement-plan channels.
  • The selections point to a preference for standardized, benchmark-tracking ETFs, which can be easier to administer than customized investment strategies.
  • For BlackRock, the move reinforces iShares’ role as a go-to provider of broad U.S. equity exposure through rule-based indexes.

Sources

Key Facts

  • The U.S. Treasury named BlackRock iShares ETFs as foundational options for new federal “Trump Accounts” for children.
  • BlackRock’s iShares Core S&P 500 ETF (IVV) is included in the Treasury’s lineup.
  • BlackRock’s iShares Core S&P Total U.S. Stock Market ETF (ITOT) is included in the Treasury’s lineup.
  • The account framework is described as selecting core ETF options for youth beneficiaries.

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The Apex Times

Dimon warns prolonged high rates could stress consumers and credit markets, raising questions for JPMorgan Chase’s outlook

JPMorgan Chase CEO Jamie Dimon cautioned that if high interest rates persist, the strain could spread from consumers to broader credit conditions. The comments underline the sensitivity of bank earnings to the path of inflation, asset prices, and credit performance, even as JPMorgan largely benefits from higher-rate environments.

Dimon warns prolonged high rates could stress consumers and credit markets, raising questions for JPMorgan Chase’s outlook
The Apex Times