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SoFi announced today the availability of its relaunched exchange-traded fund (ETF), the SoFi 50 ETF, which is now indexed to reflect the most popular equities among SoFi members. <\/p>\n
The relaunched SoFi 50 ETF <\/strong>now tracks the performance, before fees and expenses, of the SoFi Social 50 Index, a portfolio of the 50 most-widely-held U.S.-listed equity securities in SoFi members’ self-directed brokerage accounts with SoFi Invest. The index is weighted by aggregate holdings within SoFi member accounts and will be rebalanced on a monthly basis.<\/p>\n “Our members have consistently expressed interest in investing in the same stocks as their friends and peers. We’ve been evaluating the SoFi Social 50 Index since October and it has outperformed the S&P 500 by over 20% since then,” said SoFi CEO Anthony Noto<\/span>. “We are excited to introduce an ETF product that centers around the social elements of investing.” The updated fund is a reindexing of the SoFi 50 ETF and retains the ticker SFYF on the NYSE Arca, with an expense ratio of 29 basis points. SoFi has continued to partner with Tidal ETF Services for the trust, strategy, administrative and operational aspects of the fund.<\/p>\n The reindexing of the SFYF ETF follows the recent extension of fee waivers on the SoFi Select 500 (SFY) and SoFi Next 500 (SFYX) funds, which will retain a zero expense ratio for at least another year, through June 30, 2021<\/span>.* All of SoFi’s ETFs are available through SoFi Invest, as well as through any other brokerage account.<\/p>\n Additional information, including fact sheets and a prospectus, can be found on SoFi’s website at SoFi.com\/Invest\/ETFs.<\/p>\n About SoFi<\/strong><\/p>\n SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than one million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. SoFi is also the naming rights partner of SoFi Stadium, future home of the Los Angeles Chargers and the Los Angeles Rams, opening in July 2020<\/span>. For more information, visit SoFi.com.<\/p>\n About Tidal ETF Services<\/strong><\/p>\n Formed by ETF industry pioneers and thought leaders, Tidal sets out to disrupt the way ETFs have historically been developed, launched, marketed and sold. With a transparent, partnership approach, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. As advocates for ETF innovation, Tidal helps institutions and organizations launch the most interesting and viable ETFs available today. For more information, visit tidaletfservices.com.<\/p>\n Contacts<\/strong><\/p>\n Chris Sullivan<\/span>\/Julia Stoll<\/span> Tags:<\/b> Chris Sullivan\/Julia Stoll
MacMillan Communications
(212) 473-4442
chris@macmillancom.com
pr@sofi.com<\/p>\nSee Campaign: <\/strong>http:\/\/http:\/\/www.sofi.com<\/a>
Contact Information:<\/b>
Chris Sullivan\/Julia Stoll
\nMacMillan Communications
\n(212) 473-4442
\nchris@macmillancom.com
\npr@sofi.com<\/p>\n
<\/a>, Wire<\/a>, Wire Real Estate<\/a>, United States<\/a>, English<\/a><\/p>\n<\/div>\n
\nContact Information:<\/h3>\n
\nMacMillan Communications
\n(212) 473-4442
\nchris@macmillancom.com
\npr@sofi.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" SoFi announced today the availability of its relaunched exchange-traded fund (ETF), the SoFi 50 ETF, which is now indexed to reflect the most popular equities among SoFi members. The relaunched SoFi 50 ETF now tracks the performance, before fees and expenses, of the SoFi Social 50 Index, a portfolio of the 50 most-widely-held U.S.-listed equity securities in … Continue reading SoFi Debuts its First Crowdsourced ETF Based on SoFi Social 50 Index<\/span><\/a> Continue Reading