The Fate of the World’s Largest ETF Is Tied to 11 Random Millennials
A wonky structure pegs the fund’s future to their mortality Most of those named in the ETF’s documents were not aware 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 … Read more