THE TRUTH ABOUT YOUR FUTURE with Ric Edelman 1/31/23: Happy Birthday! The ETF Turns 30
Jan 31, 2023
08:20
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:
-----
The Truth About Your Future website
Follow Ric on social media: