FYI: ETF investing has come a long way since SPDR S&P 500 was launched 26 years ago. But even though exchange traded funds are no longer the new kids on the block, a long runway for growth remains.
When State Street launched the first ETF, SPDR S&P 500 (SPY) in January 1993, it paved the way for a new, lower-cost breed of passively managed funds. Today, investors can choose from some 2,000 ETFs that encompass a wide range of styles, sectors, asset classes and more.
"ETFs have become increasingly popular as they're lower cost, they're more tax-efficient, and they often provide stronger performance than actively managed mutual funds," Todd Rosenbluth, CFRA's Head of ETF & Mutual Fund Research, told IBD. "Investors further benefit from their diversification and ease of use relative to individual stocks and bonds."
With $3.4 trillion in assets at the end of 2018, the U.S. ETF market remains the biggest in the world. It accounted for 71% of the $4.7 trillion in ETF net assets worldwide, according to the Investment Company Institute.
Regards,
Ted
https://www.investors.com/etfs-and-funds/sectors/bond-fund-is-your-portfolio-safe-this-simple-equation-tells-you/?src=A00220&yptr=yahoo
