Wall Street Upstarts Shake Up ETF World as Big Three Lose Ground
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- Sofia Massie left her job at Jane Street in January with one thing: an idea for an ETF that would mirror the US stock market but quietly hold onto dividends, wringing out a tax advantage many investors never see. She didn’t have a team. Or a brand. Or the institutional heft that usually comes with a Wall Street-backed launch. What she did have was about $300,000 — and a white-labe ...