Twenty years young

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Twenty years young

机译：二十岁

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Twenty years ago this month, State Street, an American financial-services group, launched a listed product called an exchange-traded fund (etf), which tracked the s&p 500 share index. Because of its tick er code, spdr, the product soon became known as the Spider. It was not the first quoted fund to track an index (that was launched in Toronto in 1990) but the Spider fund quickly became the template for an industry that now controls around $2 trillion of assets, almost as much as the hedge-fund sector.

机译：20个月前的这个月，美国金融服务集团道富（State Street）推出了一种上市产品，称为交易所交易基金（etf），该产品追踪了标普500股指。由于其代码spdr，该产品很快被称为Spider。它并不是第一个追踪指数的报价基金（1990年在多伦多推出），但蜘蛛基金迅速成为该行业的模板，该行业目前控制着约2万亿美元的资产，几乎与对冲基金部门的资产数量相当。

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《The economist》 |2013年第8820期|62-62|共1页
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Twenty years young

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