Exchange-traded funds, or ETFs, differ from mutual funds, in that they are traded on exchanges.
From time to time, their securities may be lent for purposes of short selling, It’s a source of added income. The stock-lending profits of such ETF funds can be substantial.
A question on behalf of their stockholders: Do earnings from lending to short sellers go back to shareholders of the ETF, or to its managers?
In some funds, almost all go to the shareholders, while as little as half may be returned to others.
Check your ETF investments, to see how your managers treat such earnings.(See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
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