US ETF to Pay You to Invest

Boutique fund manager Salt Financial has been given approval by the US financial regulator the SEC for a negative fee

James Gard 14 May, 2019 | 3:27PM

US dollars

A US ETF provider has raised the enticing prospect of a fund that pays investors for putting their money in. It comes nearly a year after Fidelity caused a stir in the asset management world by launching a zero-fee product in the US.

Boutique fund manager Salt Financial has been given approval by US financial regulator the SEC for a new fee structure. The Salt Low truBeta US Market exchange traded fund has a 29 basis point management charge (0.29%), which is waived by 34 basis points. Investors will get $5 for every $10,000 they invest.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Vanguard FTSE 100 UCITS ETF25.75 GBP0.21

About Author

James Gard  is content editor for Morningstar.co.uk

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