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SoFi unveils new gig economy-themed ETF

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SoFi unveils new gig economy-themed ETF

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Illustration of the SoFi logo, with o's replaced with l's to read

Illustration: Sarah Grillo/Axios

Financial startup SoFi isn’t just about lending you money to refinance your student loans. It wants to invest your money too — and to that end it unveiled this week a “gig economy”-themed exchange-traded fund, trading under the ticker symbol GIGE.

By the numbers: The actively managed fund comes with an expense ratio of 0.59%, unlike SoFi’s first two ETFs, which have a zero expense ratio.

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