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What are the investment options for Trump Accounts?
Fox Business • • business
Key Points:
- The Treasury Department announced that Trump Accounts will initially invest contributions by default in the low-cost State Street SPDR Portfolio S&P 500 ETF (SPYM) starting July 4, offering broad exposure to the U.S. stock market with expenses below 0.1%.
- Additional low-cost ETFs will be made available in the coming months, including iShares Core S&P 500 ETF (IVV), Vanguard Total Stock Market ETF (VTI), State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM), and iShares Core S&P Total U.S. Stock Market ETF (ITOT).
- These ETFs provide investors options to track various segments of the U.S. equity market, from large-cap companies in the S&P 500 to broader coverage including mid- and small-cap stocks.
- The Treasury will notify families when the option to choose among these funds becomes available and will provide guidance on how parents and guardians can manage investment allocations for their children's accounts.
