Trump Accounts will focus on the S&P 500 to keep investing “as simple as possible,” said Robinhood CEO Vlad Tenev.
In an interview with CNBC released on Wednesday, Tenev was asked whether Trump Accounts users will only have the option to invest in the S&P 500 via the platform in the long term. Trump Accounts are investment accounts for children, launched by the Trump Administration in July.
“That’s correct,” Tenev replied. “Right now, you can get the S&P 500 through a low-cost ETF provided by State Street.” State Street is a financial services and investment management company based in Boston.
“And we wanted to make it as easy as possible...
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