SPY Is Still a Unit Investment Trust. Here’s Why That Quirk Matters (and When It Doesn’t)
Yahoo Finance
The first U.S. ETF still runs on a 1993 legal blueprint, and its biggest rival just abandoned that setup. Is the old wrapper quietly costing SPY investors, or does something else decide the question?
The first U.S. ETF still runs on a 1993 legal blueprint, and its biggest rival just abandoned that setup. Is the old wrapper quietly costing SPY investors, or does something else decide the question?
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