SEC filing for 'Ex-Elon' ETF excluding Elon Musk2.
U.S. ETF manager Subversive 10filed an application with the SEC in Japan for an 'Ex-Elon ETF' 2. The product is designed to exclude Tesla and SpaceX, holdings of Elon Musk, from the portfolio.
U.S. ETF manager Subversive 10filed an application with the SEC in Japan for an 'Ex-Elon ETF' 2. The products are designed to exclude Tesla and SpaceX, which are known to be held by Elon Musk, from the portfolio.
The filing says it includes the basic structure of the two products and the exclusion criteria. The submitted application is in formal receipt status with the SEC, and whether it will be listed will be decided through the review process.
There are examples in the U.S. market of ETFs that track politicians' holdings and products that apply inclusion and exclusion rules related to specific celebrities. The article also says that some products are drawing investor attention with celebrity-related names.
A case of a celebrity-linked product with a name like “Donnaamu unni inverse” was mentioned. These products are subject to SEC review and regulatory scrutiny before listing.
Subversive’s listing application was reflected in the disclosure materials as of 10the day. Depending on the review results and the timing of the final prospectus release, details such as the inclusion and exclusion list and fees will be finalized.
Sources: 매일경제 증권
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