**Source:** CNBC
Summary
Two new exchange-traded funds (ETFs) have been launched, excluding companies founded, controlled, or led by Elon Musk. This means that SpaceX and Tesla are not included in the funds. According to the report, the ETFs aim to provide investors with a way to diversify their portfolios without exposure to Musk-led companies.
Our Reading
The launch follows a familiar script. Two new ETFs, supposedly innovative, exclude companies led by a single individual, Elon Musk. Because what’s new is always better, right? The funds won’t include SpaceX or Tesla, giving investors a chance to diversify without the Musk factor. Because that’s exactly what the market needed – more ETFs.
Author: Evan Null
