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1/31/23: Happy Birthday! The ETF Turns 30
It's Tuesday, January 31st. Guess what? ETFs have now hit their 30th anniversary. The first exchange traded fund was the Spyder S&P 500 ETF Trust, and for the first time ever, investors could buy and sell the 500 stocks of the S&P 500 in a single trade. Today, that ETF has $370 billion in assets. It's still the largest ETF in the world. ETFs have become the most popular investment vehicle in the country. There are now nearly 2000 ETFs on the market from hundreds of fund companies. ETFs are now far more popular than mutual funds, which have been around for 100 years.
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Today’s sponsors:
Global X ETFs
Invesco QQQ
Schwab
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Subscribe to podcast updates
The Truth About Your Future website
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By Ric Edelman
3.2
380380 ratings
It's Tuesday, January 31st. Guess what? ETFs have now hit their 30th anniversary. The first exchange traded fund was the Spyder S&P 500 ETF Trust, and for the first time ever, investors could buy and sell the 500 stocks of the S&P 500 in a single trade. Today, that ETF has $370 billion in assets. It's still the largest ETF in the world. ETFs have become the most popular investment vehicle in the country. There are now nearly 2000 ETFs on the market from hundreds of fund companies. ETFs are now far more popular than mutual funds, which have been around for 100 years.
-----
Today’s sponsors:
Global X ETFs
Invesco QQQ
Schwab
-----
Subscribe to podcast updates
The Truth About Your Future website
The Truth About Crypto
Have a question for Ric?
Follow Ric on social media:
YouTube
Disclosure page
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