The worlds largest ETF

In ETF Blog, Latest by Simon Brown

Last week we had a looked at the largest South African Exchange Traded Funds (ETFs) and they were, well small.

Globally however the leader board of late ETFs is truly large as the table below shows.

Name Code Value Corresponding company
SPDR S&P 500 ETF Trust SPY $424,541,000 VISA
iShares Core S&P 500 IVV $327,528,000 Adobe
Vanguard Total Stock Market VTI $292,809,000 Netflix
Vanguard S&P 500 VOO $278,049,000 Nike
Invesco QQQ Trust (Nasdaq) QQQ $211,082,000 Verizon

The largest in the world, SPY, is also the worlds first ETF listing on NYSE in January 1993 and it has a Total Expense Ratio (TER) of some 0.09% which also makes it somewhat expensive with, VOO for example, having a TER of 0.03%.

It’s also worth noting that these top 5 are larger than the entire JSE with our market worth some R20trillion and the top 5 worth over R24trillion.

Finally, Visa, which is as large as the worlds largest ETF, is the worlds fifteenth largest company in the world.

Simon


ETF blog

 

At Just One Lap, we are big fans of passive investment using ETFs. In this weekly blog, we discuss ETFs on the local market and the factors you need to consider when choosing an ETF. If you have wondered how one ETF differs from another, this is where you can find out. We explain which index each ETF tracks, what type of portfolio could benefit from holding each ETF, and how the costs will affect your bottom line.



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