FYI: When Salt Financial LLC in May won approval from the Securities and Exchange Commission to pay investors 50 cents for every $1,000 invested with its new exchange-traded fund, the Salt Low truBeta US Market Fund (LSLT), which equates to an expense ratio of negative 0.05%, it seemed like a gimmick. The race to the bottom with fund fees had already produced two ETFs with zero expense ratios from Social Finance Inc. in April. But negative fees? What’s up with that?
Regards,
Ted
https://www.fa-mag.com/news/the-negative-fee-etf-isn-t-as-crazy-as-it-sounds-50664.html?print
