When Exchange Traded Funds Make Sense For A Portfolio

By Lindsay Faussone, Vice President Business Development, Trust Company of America

It started with a little spider. Not a tiny arachnid, but the first exchange-traded fund, or ETF. Created in 1993 by State Street Global Advisors (SSGA), the Standard & Poor’s Depositary Receipt—its acronym, SPDR, earned it the nickname “spider”—today is not only the oldest but also the largest ETF (ticker: SPY) on the market with $234 billion in assets.

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