The celebration of 20 years of ETFs continued this weekend as the New York Times
got into the spirit, publishing a lengthy piece
detailing the history of exchange traded products and getting into what they offer investors today.
Reporter Paul Sullivan starts by telling the story of how the SPRD S&P 500
ETF got started back in 1993, and how the entire industry grew from that first fund.
From there, Sullivan notes the advantages ETFs offer consumers: low fees and no tax distribution, namely.
He also explains the caveats, such as complexity of the portfolios.
For more details, check out the original article
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