When State Street introduced its S&P 500 index Fund–the SPDR S&P 500 ETF –back in 1993, a revolution was sparked. Since then, exchange traded funds have become the go-to fund for both retail and institutional investors. Assets in ETFs continue to grow and there are currently more than 1,400 funds available for investors. Leading the way is issuing firm iShares [see also How To Pick The Right ETF Every Time]. An Industry Veteran In response to State Street‘s popular SPY, Morgan Stanley, in cooperation with British investment bank Barclays, launched a series of ETFs called WEBS–standing for World Equity Benchmark Shares–that tracked various MSCI foreign stock market indices. Later in 2000, Barclays underwent a new branding effort designed to grow the ETF market. The bank launched over 40 new funds, with extensive education and marketing behind them, and renamed the original WEBS as iShares. During the financial crisis, as a way [...] Click here to read the original article on ETFdb.com. Related Posts: Free ETF Trading: Comparing All The Options ETFs: The $10 Billion Club Alternatives To The 20 Most Popular ETFs Fidelity To Offer Commission-Free Trading On 25 iShares ETFs iShares Debuts “Core” ETF Lineup
When State Street introduced its S&P 500 index Fund–the SPDR S&P 500 ETF –back in 1993, a revolution was sparked. Since then, exchange traded funds have become the go-to fund for both retail and institutional investors. Assets in ETFs continue to grow and there are currently more than 1,400 funds available for investors. Leading the way is issuing firm iShares [see also How To Pick The Right ETF Every Time]. An Industry Veteran In response to State Street‘s popular SPY, Morgan Stanley, in cooperation with British investment bank Barclays, launched a series of ETFs called WEBS–standing for World Equity Benchmark Shares–that tracked various MSCI foreign stock market indices. Later in 2000, Barclays underwent a new branding effort designed to grow the ETF market. The bank launched over 40 new funds, with extensive education and marketing behind them, and renamed the original WEBS as iShares. During the financial crisis, as a way [...]
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