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As of 2020, the number of exchange-traded funds worldwide was over 7,600, [1] representing about 7.74 trillion U.S. dollars in assets. [2] The largest ETF, as of April 2021, was the SPDR S&P 500 ETF Trust ( NYSE Arca : SPY ), with about $353.4 billion in assets.
The ETF is designed to track the S&P 500 index by holding a portfolio comprising all 500 companies on the index. [1] It is a part of the SPDR family of ETFs and is managed by State Street Global Advisors. [2] The fund is the largest and oldest ETF in the USA. Legally, the fund is set up as a unit investment trust.
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. [1] [2] [3] ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars.
Direxion said on Wednesday that it has launched new leveraged and inverse exchange-traded funds tied to two stocks, Palantir Technologies and Warren Buffett's Berkshire Hathaway that offer traders ...
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ABC News Live (a.k.a. ABCNL) is an U.S.-based streaming video news channel for breaking news, live events, newscasts, and longer-form reports and documentaries operated by ABC News since 2018. The channel is available through various streaming platforms such as Roku , Hulu , Disney+ , YouTube TV and YouTube, Sling TV , Pluto TV , Xumo , FuboTV ...
The addition means more ETFs will start buying the stock, including the popular QQQ fund. The firm's stock is up 575% this year, far outpacing bitcoin's 145% gain.