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Hours list -- all of you people who thought ETF's were relatively new instrument know the first US ETF.
SP why is celebrating its twentieth anniversary today's let's head back to the call on the for the New York Stock Exchange short budget process State Street global head of exchange traded funds -- That's Jim Ross is with us to celebrate this 23 year at this twenty anniversary back in 1993.
Is -- -- the launch of snubbed ET apps right and so SPY basically copies the S&P 500 right.
Yes it does -- -- -- ESP 500.
I -- -- -- mean obviously twenty years ago.
Want to folks had an idea came together we launched it.
I it's really grown into an industry is really helping investor dealers saw their investment -- -- tell us about the big money that's announced fell one point four trillion dollar the US close to trillion globally.
Hi and escrow on obviously to matter very -- very well and Latvia -- -- forty years ago nobody knew what an ATF was and now investors if they wanna.
Copy the S&P 500 they can do exactly that is out of your suggestion.
I think well I think obviously that you get exposure to a lot of of mass class ETF CS and 501 of them.
And I think it's the best way to get that exposure for an investor.
So what -- you hope for going forward where the growth aspects of this.
You know we.
We continue to look at ETS added -- reinvest -- investor we continue to look at this as a long term growth trends last year the chip industry in the US -- 180 billion dollars in net new cap plus.
That's a really strong year which -- wanna see continue.
Not bad at all Jim Ross and check out the clay is our -- but I want you take I think it right with us tighter again it ST lies the spiders you know Spider-Man out of my telling you now the sputtered -- a bite out of its picked.
And just -- just unit -- you Nicole yeah.
Let's bring in a.
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