New ‘Ex-Elon’ ETFs let investors track the market while skipping Musk’s companies
AI Today Summary
Subversive ETFs has proposed two new funds, the Nasdaq-100 Ex-Elon Enterprises ETF and the S&P 500 Ex-Elon Enterprises ETF, which aim to track their respective indexes while excluding companies founded, controlled, or led by Elon Musk, such as Tesla and SpaceX. This move responds to SpaceX's rapid inclusion in the Nasdaq-100, which forced passive investors to hold the stock, prompting demand for alternatives without Musk's companies. The actively managed funds, expected to launch around late 202
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