Reported about 17 hours ago
Popular YouTuber Kevin Paffrath, known as 'Meet Kevin', is closing his actively-managed ETF after two years of underperformance compared to the market and high operational costs. Despite attracting $50 million at its peak, the ETF consistently lagged behind the S&P 500 and accumulated losses totaling $1 million. Paffrath emphasized the difficulties faced by active funds amid increasing competition in the ETF market.
Source: YAHOO