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New ETF Goes a Step Beyond Zero-Fees and Is Paying People to Invest

(CNBC) One fund is going a step further in the race to zero-fee ETFs by paying investors to put money into its new exchange traded fund. Salt Financial filed with the Securities and Exchange Commission on Tuesday to introduce an ETF that will temporarily pay people to invest for at least the first year. The less-than two-year-old firm already runs a $10 million ETF called the Salt High Trubeta US Market ETF (SLT).Salt’s plan comes in an increasingly competitive ETF backdrop with thousands of options.

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