US based fintech platform SoFi has relaunched its SoFi 50 ETF, re-indexing the product to reflect the firm’s most prolific equities among members.
The ETF, which followed the Solactive SoFi US 50 Growth Index upon its original release in 2019, now tracks the performance of the SoFi Social 50 Index. This consists of the 50 most widely held US listed equity securities held in SoFi members’ self-directed brokerage accounts with SoFi Invest, before added expenses such as fees. The market cap weighting traditionally was a key factor for long-term investment strategies. SoFi has identified that more clients are now adopting a more aggress
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