SoFi is counting on a new ETF to make Fridays a little sweeter. The financial services company introduced its SoFi Weekly Income ETF (TGIF) in an email to investors, where it stated that the goal of the actively managed fixed income fund is to pay investors a dividend every Friday.
As long as shares are purchased by Tuesday, investors will receive a distribution on Friday, according to SoFi. The net expense ratio is 59 basis points and invests in “U.S.-dollar denominated investment grade and non-investment grade (also known as ‘high-yield’ or ‘junk’) fixed income securities and instruments,” according to a factsheet.
"The fund intends to pay out dividends and interest income, if any, weekly. There is no guarantee these payouts will be made," according to a company blog post.
The ETF is “another creative design for a fund,” said David Goldstone, head of research at Backend Benchmarking. “SoFi is clearly looking for new ways to attract investors with its rollout of this and other ETF products over the past year.” He added that it’s a little early to tell whether the dividend payments will be enough to entice investors.
Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.
So browse through a category and make your preferred selection and come back here to read more choice articles and get a few more helpful tips on ways to help your enhancement.
As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, Awin network, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”
We use anonymous cookies and various 3rd-party services to optimise and to offer you a better, more personalised, browsing experience with advanced accessibility enhancements.
Dismiss
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
