SPY

The State Street Global Advisors SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund (ETF) that tracks the performance of the S&P 500 Index. The fund is managed by State Street Global Advisors and was launched in 1993.

The S&P 500 Index is a market-capitalisation-weighted index that measures the performance of the 500 largest publicly traded companies in the United States. It is the most widely followed benchmark for U.S. large-cap equities and serves as the basis for trillions of dollars in indexed assets.

SPY is a passively managed index ETF that seeks to replicate the holdings and performance of its benchmark with low tracking error. It is suitable for investors seeking broad, low-cost market exposure.

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