Which ETF Won Big With Trump Accounts?
The new Trump Accounts are designed to give millions of American children a head start in the stock market. Besides the kids who are eligible for $1,000 in free money, there's another surprise winner: the State Street SPDR Portfolio S&P 500 ETF (SPYM). Thanks to its rock-bottom 0.02% fee, the fund has become the default investment for the new accounts — a designation that could funnel tens of billions of dollars its way and even reshape the competitive landscape for S&P 500 funds.
On this episode of Trillions, Eric Balchunas and Joel Weber explain why SPYM is the ETF of the Moment. They…
The skinny
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