33 min listen
The ETF Story 5: The Sleeper
FromTrillions
ratings:
Length:
15 minutes
Released:
Jan 29, 2023
Format:
Podcast episode
Description
SPDR S&P 500, or SPY, is the world’s largest ETF today with about $240 billion in assets, but it wasn’t much to look at when it debuted in 1993. Some days it was on “volume life support,” trading as little as 18,000 shares; there was even talk of pulling the plug. Yet true believers, guerrilla marketing, and a booming 1990s stock market helped the product gain favor. And once SPY took off, the markets were forever changed. This episode also explores how SPY soon inspired a host of other ETFs, from international and sectors to fixed income and gold.See omnystudio.com/listener for privacy information.
Released:
Jan 29, 2023
Format:
Podcast episode
Titles in the series (100)
Standing at the Crossroads of Active and Passive by Trillions