TIL that the S&P 500 ETF Trust, otherwise known as SPY, with more than $500B assets under management, is pegged to the lives of 11 millenials. Upon their death, the fund shall cease to exist.

https://en.wikipedia.org/wiki/SPDR_S%26P_500_ETF_Trust
#til #todayilearned
https://www.reddit.com/r/todayilearned/comments/1gaqrub/til_that_the_sp_500_etf_trust_otherwise_known_as/