India, Aug. 21 -- The U.S. Department of the Treasury has announced proposed guidance governing eligible investments in Trump Accounts, with a focus on keeping costs low, promoting broad diversification, and helping children's savings grow over the long term.
"Every dollar in a child's Trump Account should be working toward that child's financial future, not diminished by unnecessary fees," said Treasury Secretary Scott Bessent. "Under President Trump's leadership, Treasury is putting simple, commonsense protections in place to help families keep more of their investment returns."
Treasury previously announced that State Street SPDR Portfolio S&P 500 ETF (SPYM) would be the default investment for all Trump Accounts. Treasury also announce...