#1: SPDR S&P 500 ETF
Assets Under Management: $111.9 billion
This is the mother of all ETFs that is widely credited for starting the exchange traded funds craze due to its widespread appeal. The SPDR S&P 500 ETF (NYSE:SPY) has a net expense ratio of less than 0.1% thanks to its benchmark to the S&P 500 and the blue chips therein.
If you want to “buy the market,” this ETF is the most common — and perhaps the most effective — way to do so.
Jeff Reeves is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.” Write him at email@example.com or follow him on Twitter via @JeffReevesIP. As of this writing, he did not hold a position in any of the aforementioned securities.