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TIP454: Current Market Conditions w/ Tobias Carlisle
We Study Billionaires - The Investor’s Podcast Network
How Does an ETF Work?
i was curious about how that works in practice. For example, six you have an expense ratio of 89 basis points. But do you sell stocks equivalent to that expense ratio, like once a year, continuously? And what happens with that money? Is that reinvested back into the fund in your name? Is it fees to the exchange or lawyers? Like, how does that business work? There are lots of different ways of setting up an et.
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