The SPDR S&P 500 ETF Trust (NYSE:SPY) is the world’s largest and arguably the most popular exchange-traded fund, with a whopping $630 billion in assets under management.
What happened: Launched in Jan. 1993, the SPY was also the first ETF to list on U.S.-based exchanges. It tracks the performance of the widely popular S&P 500 Index, holding a portfolio comprising all 500 companies in the index.
Naturally, over such a long period, the ETF shares have gained tremendously, up roughly 1,273.15% since the launch.
However, the debut year wasn’t as exciting. In a year from its launch, the ETF …
Full story available on Benzinga.com