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How a popular YouTuber’s investment fund ended with losses
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Financial influencer Kevin Paffrath struggled to pick stocks that would make his fund grow.
PHOTO: SCREENGRAB FROM MEET KEVIN/YOUTUBE
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.
Mr Kevin Paffrath, a financial influencer who goes by the online moniker “Meet Kevin”, said in a video on his channel that his fund, the Meet Kevin Pricing Power ETF, would be closing at the end of February, some two years after its inception and with just US$32 million (S$42.7 million) in assets.
