Reported Earlier, Defiance's JEDI ETF Permits Up To 5% Expected Private Company Allocation Via Third-Party SPVs, Effective August 6
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Why It Matters
An ETF (a basket of stocks you can buy like one share) is changing its rules to let up to 5% of its money go into private companies that aren't publicly traded yet. This is just about how the fund manager can invest, and it starts in August.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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