According to Gary Gastineau, author of “The Exchange-Traded Funds Manual,” the first real attempt at something like an ETF was the launch of Index Participation Shares for the S&P 500 in 1989. Unfortunately, while there was quite a bit of investor interest, a federal court in Chicago ruled that the fund worked like futures contracts, even though they were marginalized and collateralized like a stock; consequently, if they were to be traded, they had to be traded on a futures exchange, and the advent of true ETFs had to wait a bit.
The next attempt at the creation of the modern Exchange Traded Fund was launched by the Toronto Stock Exchange in 1990 and called Toronto 35 Index Participation Units (TIPs 35). These were a warehouse, receipt-based instrument that tracked the TSE-35 Index.
Barclays entered the ETF business in 1996 and Vanguard began offering ETFs in 2001. As of the end of 2018, there were more than one hundred distinct issuers of ETFs.
So, what are the oldest ETF funds in Edgefolio’s platform? Here is the list!
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Data provided by Morningstar. Care has been taken to ensure that the information is correct, but Edgefolio neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.