Treasury Picks BlackRock ETFs for New Child Savings 'Trump Accounts'; Vanguard Named Alternate
The U.S. Treasury has designated two BlackRock iShares ETFs as the primary investment vehicles for the administration's new child savings program, called Trump Accounts, and named Vanguard's Total Stock Market ETF as an alternate. The program will begin on July 4 with a $1,000 seed deposit for each eligible child born between 2025 and 2028.