FYI: A quarter-century ago, before exchange-traded funds had grown into a multitrillion-dollar investment vehicle that upended Wall Street by offering investors exposure to basically every investible asset class for rock-bottom fees, there was only one.
The SPDR S&P 500 ETF Trust SPY, +0.81% turned 25 on Monday, having made its debut Jan. 22, 1993 in what today stands as a watershed moment for financial markets, marking the start of an unexpected revolution in how the world invests.
Regards,
Ted
https://www.marketwatch.com/story/heres-what-it-was-like-to-buy-the-first-etf-ever-on-day-1-2018-01-22/print
