According to IndexUniverse, newly nominated U.S. Treasury Secretary Jacob Lew has many of his investments parked in low-cost index ETFs.

When perusing his May 2012 Executive Branch financial disclosure, IndexUniverse found Lew had placed money in such index products as the SPDR Dow Jones Industrial Average ETF, the iShares Russell 2000 Index Fund, the PowerShares QQQ Trust, the SPDR S&P MidCap 400 ETF and the SPDR S&P 500 ETF. 

Edited by: Tommy Fernandez


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