ETF industry in the United States turns 27 years old
Deborah Fuhr, CFA fellow
![Deborah Fuhr, CFA fellow]()
Deborah Fuhr, CFA fellow
MBA, Independent Board Member, Independent Trustee, Advisor, Global ETFs industry Research, Consulting, Events, ETF TV
Today marks the 27th birthday of the first successful ETF launch in the United States - the SPDR S&P 500 ETF Trust ticker SPY which was listed on January 22, 1993 by State Street Global Advisors. Spy is the world’s largest ETF with $318 billion in assets under management.
Happy 27th Birthday!
The ETF industry will be celebrating its 30th anniversary on March 9, 2020 – 30 years since the listing of the first successful ETF – the Toronto Stock Exchange listed the Toronto 35 Index Participation Fund, known as TIPs. That ETF still exists today and is now known as the iShares S&P/TSX 60 index ETF XIU with assets of C$8.87 billon, now owned by BlackRock.
Head, Research Products & Services at CFA Institute
4 年Great memories of publishing the ETF Guide in 2001 with so many of the early pioneers! Jacqueline Meziani, Herb Blank, Deborah Fuhr, Joanne Hill, Brian Bruce, Steve Schoenfeld, Jim Wiandt, so many others! Thank you for sharing and happy birthday ETF’s!
President, Informa Global Finance
4 年A milestone..and perfectly timed to coincide with the ETF Industry’s largest annual gathering in Florida next week!..