LionShare’s ETF Won’t Take Dividends Lion Down
A new ETF, launched by a former Jane Street quant trader, is roaring into the fight against unwanted dividends.
That product, the LionShares U.S. Equity Total Return ETF (TOT), launched last week. Unlike other entrants in the emerging world of dividend-skipping ETFs, the LionShares ETF gives investors exposure to the broad US equity market, its founder said. “TOT has the goal of minimizing distributions. That isn’t really commonplace. We’ve seen the opposite, where funds are trying to maximize distributions,” LionShares CEO Sofia Massie said about income-focused funds. “This type of product was missing from the market.”
No Paws in Trading
Rather than holding individual stocks and selling them just ahead of their…
