By Thirty years ago this month, the first exchange-traded fund listed in the U.S. became available to the masses, a disruptive force that would go on to spawn a new market.
The SPDR S&P 500 ETF Trust, which trades under the ticker SPY, started Jan. 22, 1993. An entire industry exploded around it.
“SPY ended up causing a revolution,” said DataTrek…
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