Exchange traded funds (ETFs) are investment funds that are traded like stocks. As an investment fund, an ETF can be comprised of various types of assets such as commodities or securities. Many ETFs track an index like the S&P 500 (for example, SPDR S&P 500) or some other basket of assets. While many ETFs have always been popular with family offices, lately a growing number of single- and multi-family offices have increased their use of these investment vehicles. According to Michael Stevens, Managing Director of State Street Global Advisors and Director of National Sales for the Intermediary Business Group, "The family office community was among the early adopters of ETFs, and their acceptance is on the rise."
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