FYI: Twenty-three years after it was introduced by State Street, the ETF is poised to become the financial product of choice for investors and advisors, according to recent analysis by Tiburon Strategic Advisors, a Tiburon, Calif.-based research and consulting firm.
There are 1,700 U.S. ETFs with $2.2 trillion in assets among them. In 1997, shortly after they were first introduced on the American Stock Exchange, there were 19, said Charles "Chip" Roame, Tiburon managing partner, in a Thursday web conference
Regards,
Ted
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