SPYM ETF Selected as Default Fund for Trump Accounts
The Treasury Department has selected SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) as the default investment vehicle for new 'Trump Account' contributions, allocating $1,000 to each eligible newborn. The low-cost fund offers a 0.02% expense ratio and similar five-year returns compared to VOO at a lower share price.
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Topics: diversification ETF retirement accounts S&P 500 Treasury Department