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The ‘SPY’ kids with $250 Billion riding on their lives

By Bloomberg   |   13 August 2019   |   1:40 pm  
The fate of the world’s largest exchange-traded fund rests on the health of a group of twenty-somethings. Thanks to a quirk in the legal structure used to set up the SPDR S&P 500 ETF Trust, known as SPY, more than $250 billion rests on the longevity of 11 ordinary kids born between May 1990 and January 1993.
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