First negative-fee ETF blasted as a 'gimmick'

Salt Low truBeta US Market ETF

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...