SoFi Has a New Fee Free ETF Coming Soon! What’s the Catch? | Sofi Invest | Sofi Review

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Who doesn’t like free?!?!? When it comes to paying fees for investing, I like free! Well SoFi Invest has a new product coming soon, which will feature FEE FREE ETF’s!!! Well at least in the first year, we will see how long this lasts. Either way be sure to checkout this video as well as others where I highlight the importance of investing in Index Fund’s and ETF’s.

SoFi is creating 4 of their own Index ETF’s, 2 of which they filed stating there would be no expense ratio! SoFi already provides fee free trading of other ETF’s. The zero fee is for the 1st year, and after this there will be a .19% Expense Ratio, unless they choose to extend this fee waiver. It’s not the lowest expense ratio out there, but it’s still pretty low, and you won’t have to pay it in the first year anyway.

The SoFi 500 ETF ($SFY) – NYSE
The SoFi Next 500 ETF ($SFYX) – NYSE

The SoFi 50 ETF ($SFYF) – NYSE
The SoFi Gig Economy ETF (GIGE) – Nasdaq

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SEC Filing: https://www.sec.gov/Archives/edgar/data/1742912/000089418919001037/sofi-etf_497a.htm

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