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Commodities Briefing - Categorized | ETFs / ETCs, Trading more

The most actively traded security on the planet

Posted on 01 February 2013

The first-ever US exchange-traded fund (ETF) is celebrating its 20th anniversary this week. Launched in January 1993 by State Street Global Advisors with just $6.5 million in assets, the SPDR S&P 500 ETF (SPY) is today the world’s largest, with assets in excess of $120 billion. It is also the most actively traded security on the planet.
Back in the early 1990s, SPY—known as “Spider” among traders—was seen as a ground-breaking innovation that improved access to the market for investors. And yet, at the time very few could have imagined that ETFs would transform the way in which investors, advisers and institutions build and maintain portfolios………………………………………..Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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