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Rating:The Grey Lady Celebrates ETFs' 20th Birthday Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, February 04, 2013

The Grey Lady Celebrates ETFs' 20th Birthday

News summary by MFWire's editors

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

Edited by: Ben Geier


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