
Sign up to save your podcasts
Or
There's the Spy Kids and then there's the SPY Kids, aka the 11 millennials that unwittingly control the fate of the world's largest and most traded ETF.
The $250 billion SPDR S&P 500 ETF Trust is pinned to their longevity, thanks to a quirk in the archane legal structure used by some early ETFs. Like other unit investment trusts, SPY has a set termination date and will expire in 2118, or 20 years after the last of these twenty-somethings die.
On this episode of Trillions, Joel, Eric and Bloomberg News reporter Rachel Evans track down three of the SPY kids to discuss their connection to the birth of ETFs, their newfound fame -- and why they wish there was some money in it for them.
See omnystudio.com/listener for privacy information.
4.5
185185 ratings
There's the Spy Kids and then there's the SPY Kids, aka the 11 millennials that unwittingly control the fate of the world's largest and most traded ETF.
The $250 billion SPDR S&P 500 ETF Trust is pinned to their longevity, thanks to a quirk in the archane legal structure used by some early ETFs. Like other unit investment trusts, SPY has a set termination date and will expire in 2118, or 20 years after the last of these twenty-somethings die.
On this episode of Trillions, Joel, Eric and Bloomberg News reporter Rachel Evans track down three of the SPY kids to discuss their connection to the birth of ETFs, their newfound fame -- and why they wish there was some money in it for them.
See omnystudio.com/listener for privacy information.
1,205 Listeners
395 Listeners
449 Listeners
2,189 Listeners
341 Listeners
1,729 Listeners
919 Listeners
968 Listeners
803 Listeners
1,993 Listeners
2,031 Listeners
60 Listeners
70 Listeners
31 Listeners
1,526 Listeners
395 Listeners
296 Listeners
3 Listeners
55 Listeners
2 Listeners
53 Listeners
7 Listeners
187 Listeners
11 Listeners
231 Listeners
14 Listeners
39 Listeners
80 Listeners
362 Listeners
14 Listeners