First negative-fee ETF blasted as a 'gimmick'

Salt Low truBeta US Market ETF

Emanuela Hawker
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Hector McNeil says negative-fee charges should be seen less as a product and more as a waiver
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Hector McNeil says negative-fee charges should be seen less as a product and more as a waiver

The Securities and Exchange Commission (SEC) has given boutique ETF provider Salt Financial the go-ahead to launch the world's first negative-fee ETF in the US.

Salt Financial has introduced the negative-fee structure for the recently launched Salt Low truBeta US Market (LSLT) ETF, using the price incentive to meet arbitrary levels for inclusion on advisory and...

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