|Bid||10.37 x 2900|
|Ask||11.25 x 3100|
|Day's Range||10.37 - 10.45|
|52 Week Range||9.16 - 10.81|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||0.00%|
SAN FRANCISCO, July 18, 2019 /PRNewswire/ -- SoFi today announced that Aaron J. Webster has been named the company's Chief Risk Officer, joining the company July 22. Webster joins SoFi from Citigroup, where he was Chief Risk Officer for its U.S. Retail Bank and Mortgage business and led Global Regulatory Analytics. Prior to that, he spent a decade at Toyota Financial Services in senior risk management and operational roles, ultimately serving as Managing Director for Risk Management and Data Science for the company's United States and Americas Region business.
The SoFi Gig Economy ETF (GIGE) is an actively managed fund, advised by Toroso Investments, that is designed to seek long term capital appreciation by capturing exposure to the economic shift toward gig-oriented companies. The "gig economy" refers to a group of companies that embrace and support the workforce in which employment is based around short-term engagements that allow for flexibility and personal freedom and temporary contracts. The fund is structured so that most companies that IPO can be included in the portfolio within 31 days of their IPO, as opposed to traditional passive funds that must likely wait 60 to 90 days to include a new IPO.
In the highly competitive ETF world, managers are going to ever greater lengths to make a marketing splash to attract investors' money.
Vanguard. Schwab. iShares. SPDR. All of these exchange-traded fund (ETF) giants undercut each other for years by putting out the cheapest index funds they could. All competed against each other in a so-called "race to zero."And all lost to the most unlikely of dark horses.Upstart SoFi recently rattled the low-cost establishment by becoming the first provider to launch ETFs with zero annual expenses - and did so with the launch of its first two ETFs. (For the record, Fidelity introduced the first no-fee index funds in the mutual fund industry back in August 2018.)The large-cap SoFi Select 500 ETF (SFY) and mid-cap SoFi Next 500 ETF (SFYX) joined the markets on Thursday, April 11. Each fund has a listed expense ratio of 0.19%, but SoFi will waive those fees through at least June 30, 2020. That clearly will make them the cheapest ETFs in their respective categories.But it doesn't cost much to invest in any corner of the market. A host of other categories feature index funds that, while not totally free, charge microscopic fees that make them extremely cost-efficient.Here are 45 of the cheapest index funds in the U.S. ETF universe. These ETFs, listed by Morningstar category, cover stocks, bonds and other assets across a wide range of strategies. SEE ALSO: The 19 Best ETFs for a Prosperous 2019
After years of speculation that recently intensified , exchange traded funds with zero fees arrived Thursday with the debuts of the SoFi Select 500 ETF (NYSE: SFY ) and the SoFi Next 500 ETF (NYSE: SFYX ...
Cost-effective returns have been an underlying theme for investors in 2019 thus far and SoFi is quick to capitalize on this surfacing trend. The company announced today the availability of two new exchange-traded ...
"When it comes to achieving financial independence, investing isn't a choice — it's a requirement," said SoFi CEO Anthony Noto. SoFi Select 500 ETF (SFY) is composed of the 500 largest publicly traded U.S. companies, while each stock's contribution to the ETF is based on the company's growth rates. SFY tracks the performance of the Solactive SoFi US 500 Growth Index, weighing each company based on three key growth signals - top-line revenue growth, net income growth, and forward-looking consensus estimates of net income growth.
Online lender known as SoFi is close to launching two ETFs that will waive entire management fees for at least in their first year of operation.