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The One-Man, $1.2 Billion ETF Shop

TedTed
in The Bullpen
FYI: Starting an exchange-traded mutual fund is a little like launching a rocket. There are lots of different contractors and regulations. There are plenty of crashes.

Andrew Chanin, the 30-year-old founder of New York–based PureFunds, watched two of his first three ETFs fail before reaching Earth orbit. They liquidated because they couldn’t gather enough assets to cover expenses. A third fund barely made it aloft; it still has just $3.6 million in assets.
Regards,
Ted
http://www.bloomberg.com/news/articles/2015-08-26/how-a-one-man-etf-shop-attracted-1-4-billion-in-just-8-months
M* Snapshot HACK:



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