Index ETFs: What are the largest on the market?
In the modern stock market, aside from the well-known stocks, there are many other different products that can be used for trading and obtaining profit through speculation and price fluctuations. One of these
products is an Exchange-traded fund, or ETF, which combines the volatility and liquidity of a stock with diversification.
There are currently about 700 ETFs which follow a variety or indices or commodities like gold or oil, but index ETFs are the most common, and hence, the most popular. Generally, while all ETFs have a variety of metrics that describe their performance, the basic figures that describe an ETF is Assets Under Management, daily trading volume and year-to-date return, among others.
With this in mind, Insider Monkey compiled a list of ten largest index ETFs, in terms of Assets Under Management. Also we have included the index that each ETF follows
, and some other figures that can give you an idea regarding the performance of the ETF, similar to our list of the best short ETFs
As a little preview, in tenth we have included iShares Core S&P Mid Cap ETF (NYSEARCA:IJH)
. This ETF issued by iShares
is tracking the S&P MidCap 400 Index, which is responsible for offering investors a touchstone for mid-sized enterprises
. With Assets Under Management of $19.3 billion and an average trading daily volume of about $1.1 million, the
ETF has returned over 18% since the beginning of the year.
Check out the rest of our list of Index ETFs
on the following pages: