ETF Trends
ETF Trends

The exchange traded fund (ETF) that tracks the S&P 500, SPDRs (SPY) added $20.7 billion in assets from Sept. 14 to Sept. 21, according to the American Stock Exchange (AMEX).

There are only two other ETFs in the world that have more than $20 billion in assets. The iShares MSCI EAFE Index (EFA) has $47.6 billion, and iShares MSCI Emerging Markets Index (EEM) has $20.9 billion, says Matt Hougan for Index Universe. SPY now makes up 16% of total U.S. ETF industry assets, and is larger than the smallest 491 ETFs combined. With an expense ratio of 0.1%, it grosses $91.6 million annually in fees.

For full disclosure, some of Tom Lydon’s clients own EEM.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.