Reported 2 days ago
Simplify Asset Management's recent launch of the Simplify Government Money Market ETF (SBIL) has generated controversy as the company has begun using SBIL for cash management in its other ETFs, charging investors an additional 15 basis points. Critics argue that this move monetizes a service that was previously bundled within existing funds, thus harming shareholder interests. While Simplify defends the decision as improving operational efficiency and enhancing yields, the debate raises questions about industry norms and transparency in fund management.
Source: YAHOO