News | 03.13.19
Forget No Fees. ETF Breaks Ground by Offering to Pay Investors
Salt Financial, which currently runs a single $10 million exchange-traded fund (ETF), plans to woo buyers with a fund that will temporarily pay them to invest, according to regulatory filings. During the first year, holders will receive 50 cents for every $1,000 in a new low-volatility stock ETF until it grows to $100 million, when the cash-back benefit will be capped and shared with all investors. The rebate is until at least April 2020, when a $2.90 management fee could kick in.
Read the full article on Bloomberg