ETF Marketplace Review: $7.2 Trillion AUM And Counting by Leslie N. Masonson
The first ETF, SPDR S&P 500 ETF Trust, was born on January 22, 1993 and has grown to $358.4 billion in AUM as of September 2, 2022. Its popularity is unrivaled. Join us here for a retrospective of the ETF industry, which has changed the investment landscape for millions of investors, while the mutual fund industry fortunes have begun to slow.
Over the years there have been some watershed events that have forever changed the financial markets landscape. Two of the most significant ones were the 1924 introduction of the first mutual fund and the 1993 launch of the first exchange-traded fund ...