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The Closest Thing to a Meme ETF

The Closest Thing to a Meme ETF

FromTrillions


The Closest Thing to a Meme ETF

FromTrillions

ratings:
Length:
22 minutes
Released:
Jun 10, 2021
Format:
Podcast episode

Description

With meme stock mania in full bloom again, many are asking why there isn't an ETF to play it. While there is some debate over whether a meme ETF is possible at all, there is an ETF out there that gets pretty close and counts AMC and GameStop as its top two holdings. The ETF is the SoFi 50 ETF (SFYF) which tracks the top 50 stocks that are held by the retail traders who use SoFi's brokerage platform. And while its up big it hasn't seen the rush of flows we are accustomed to seeing when an ETF surges like this.On this episode of Trillions we speak with John Gardner, the Business Head of Invest at SoFi, and the brains behind SFYF and the other ETFs they offer. We speak to him about this 'lightening in a bottle' moment with SFYF as well as SoFi's other ETFs and how they fit into the company's bigger business plans. See omnystudio.com/listener for privacy information.
Released:
Jun 10, 2021
Format:
Podcast episode

Titles in the series (100)

Money goes where it's treated best. That simple truth is a big reason why more and more money—trillions, in fact—flows into a powerful, low-cost tool that's quietly transformed investing in recent years. Exchange-traded funds, or ETFs, let you invest in everything from the stock market to gold like never before. This biweekly podcast will demystify them—and delight you in the process.