YouTuber Is Closing His ETF After Performance Woes, Soaring Costs

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YouTuber Is Closing His ETF After Performance Woes, Soaring Costs

^{Published on 2025-02-18 09:41:10 - bnnbloomberg}

A popular YouTuber is closing down his actively-managed exchange-traded fund after it underperformed the market and ran up against the costs of doing business in the competitive ETF industry.

The article from BNN Bloomberg discusses the closure of the "Venture ETFs" by Kevin Paffrath, a popular YouTuber known as "Meet Kevin." Launched in 2022, the ETFs aimed to invest in companies with high growth potential but have struggled with performance issues and high costs. The ETFs, which include the Venture Growth Portfolio (VEG) and Venture Income Portfolio (VET), have seen significant outflows and underperformance compared to broader market indices. Paffrath cited the high expense ratios, which were around 1.99% for VEG and 1.49% for VET, as a major factor in the decision to close. These costs were attributed to the complexities of managing an ETF, including legal, compliance, and operational expenses. The closure process will involve liquidating the ETFs' assets, with the final trading day set for March 15, 2025, and shareholders receiving cash distributions thereafter. This move highlights the challenges content creators face when transitioning from providing financial advice online to managing actual investment products.

Read the Full bnnbloomberg Article at:
[ https://www.bnnbloomberg.ca/investing/etfs/2025/02/18/youtuber-is-closing-his-etf-after-performance-woes-soaring-costs/ ]

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