1: Exchange-Traded Funds: Are They the Right Choice?

Exchange Traded Funds (ETFs) are recent phenomena that started in 1993 when State Street sponsored the first ETF in the form of the SPDR Trust. New funds are constantly being formed and ETFs now provide investors with viable alternatives to mutual funds. SPDRs (SPY) attempt to track the S&P 500 index much in the same way that Vanguard manages its popular S&P 500 mutual fund.

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