MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, February 4, 2013 The Grey Lady Celebrates ETFs' 20th Birthday 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. Printed from: MFWire.com/story.asp?s=42881 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |