How cheap can investing get?
The answer depends on whether speculators resist zany ETFs
THE BATTLE between the world’s two largest exchange-traded funds has reached a pivotal moment. On February 18th VOO, an ETF tracking the S&P 500 that is managed by Vanguard, a giant passive-investing firm, took the crown as the world’s largest. Days later SPY, an ETF managed by State Street Global Advisors, another giant, reclaimed it. Both funds boast assets of over $620bn.
This article appeared in the Finance & economics section of the print edition under the headline “In praise of vanilla”
From the March 1st 2025 edition
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