Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
The 'SPY' Kids With $250 Billion Riding on Their Lives: Legal Structure Quirk: Video Presentation
FYI: ( This is a follow-up to the written article I linked yesterday morning in case you missed it.)
The fate of the world’s largest exchange-traded fund rests on the health of a group of twenty-somethings. Thanks to a quirk in the legal structure used to set up the SPDR S&P 500 ETF Trust, known as SPY, more than $250 billion rests on the longevity of 11 ordinary kids born between May 1990 and January 1993. Bloomberg's Rachel Evans has more on "Bloomberg Markets Regards, Ted https://finance.yahoo.com/video/spy-11-kids-250-billion-182217092.html
