U.S. Treasury Announces Trump Account Investment Portfolio, Defaults to SPYM

SPYM-0.22%
IVV-0.21%
According to Jin10, the U.S. Treasury announced today the investment product portfolio for the Trump Account, with State Street SPDR Portfolio S&P 500 ETF (SPYM) as the default investment option for all contributions at launch. The Treasury also designated four additional low-cost index ETF options for account holders to choose from in coming months: iShares Core S&P 500 ETF (IVV), Vanguard Total Stock Market ETF (VTI), State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM), and iShares Core S&P Total U.S. Stock Market ETF (ITOT). Until the allocation feature is fully launched, all contributions will remain invested in the default SPYM fund.
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