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Article: The rise and rise of ETFs.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- February 23, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Maike Currie
INTERVIEW: Manooj Mistry, head of db x-trackers UK, tells Maike Currie why exchange traded funds (ETFs) are not too good to be true
While UK investors may still regard exchange-traded funds (ETFs) with some scepticism, in the US these funds have been around for almost 20 years, with some crediting them as the saviour of the American Stock Exchange (Amex).
One of the world's first ETFs, the 'Spider' - short for Standard & Poor's Depositary Receipts - was developed in 1993 by an executive with the American Stock Exchange. It quickly grew into the largest ETF in the world and AMEX, generally regarded as the poor cousin of the ...