WealthPersonal FinanceETFsOpinionTwo myths about ETFs, from someone who launched the ASX’s firstFrom niche product to portfolio staple, how is the ETF revolution going 25 years on?Jonathan SheadHead of investments, Australia, State Street Investment ManagementI still have the slide from 25 years ago: “Imagine purchasing a cost-efficient, diversified portfolio in one simple transaction,” it reads.The year was 2001 and State Street was launching two ETFs, one tracking the S&P/ASX 200 index and the other the S&P/ASX 50 – the first ETFs listed on the Australian Securities Exchange.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In Personal financeFetching latest articlesMost Viewed In Wealth
Two myths about ETFs, from someone who launched the ASX’s first
Depending on who you ask, exchange-traded funds are either the greatest financial innovation since markets began or a bubble waiting to burst. Neither is true
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