It wasn’t straightforward. ETFs have been round for practically three a long time, and hardly anybody seen for a very long time. The primary ETF, State Avenue’s SPDR S&P 500 ETF Belief, debuted in 1993. By the mid-2000s, there have been roughly 350 ETFs, however the business had gathered simply $320 billion from traders from 1996 to 2006, based on Morningstar’s earliest out there numbers. In the meantime, mutual funds scooped up near $2.3 trillion throughout the identical time, their ranks swelling to six,500 funds on the finish of 2006.
https://www.washingtonpost.com/enterprise/the-era-of-mutual-funds-is-dying-long-live-etfs/2021/10/11/330ed4c6-2a83-11ec-b17d-985c186de338_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | The Period of Mutual Funds Is Dying. Lengthy Reside ETFs.