Investing is weird, right? Well, it is until you try it with SoFi. That’s why, earlier today, we launched two new ETFs (aka exchange traded funds) called the SoFi Select 500 ETF (NYSE: SFY) and SoFi Next 500 ETF (NYSE: SFYX). Maybe you’re an investing pro and know all about ETFs. If you are, then skip this next sentence: ETFs are funds that track a stock index or basket of assets – they trade like stocks on an exchange, with prices changing as they are bought and sold.
With an expense ratio of zero for both SFY and SFYX for at least a year1 (yes – ZERO fee), these funds are designed with your needs and preferences in mind. We don’t think you should pay money to make money. And we know getting started is the greatest barrier to entry when it comes to investing, so we wanted to make this as accessible as possible.Read more