‘Ex-Elon ETF’ listing application excludes Tesla and SpaceX
U.S. asset manager Subversive 10filed with the U.S. Securities and Exchange Commission (SEC) for the 'Ex-Elon ETF' 2. The product specified a rule that excludes companies related to Elon Musk from the portfolio.
Subversive 10filed with the U.S. Securities and Exchange Commission (SEC) for the 'Ex-Elon ETF' 2. The document states a rule excluding companies related to Elon Musk from the portfolio.
Specifically, the filing named Tesla and SpaceX as exclusion targets. The two companies were introduced as representative examples of the exclusion rule, regardless of whether they are listed.
In the U.S. market, ETFs that track stocks held by celebrities or politicians already exist. Some products also build portfolios based on stocks held by Democratic lawmakers or Republican lawmakers.
This filing confirms that the items excluded from the portfolio and the portfolio construction principles have been documented. The listing process must go through SEC review and approval procedures.
The product name presented by the manager is written as 'Ex-Elon ETF'. The filing date is 7month 10day and is recorded in the document.
The results of the SEC’s review, whether the product is listed, and the timing of the final disclosure of operating rules can be confirmed through additional filings.
Sources: 매일경제 증권
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