Jim Ross Recounts the Rise of the SPYs

Bloomberg View columnist Barry Ritholtz interviews Jim Ross, the
executive vice president of State Street Global Advisors and
chairman of global SPDR. He also serves as chairman of the board
of SSGA Funds Management, and as chairman and chief executive
officer of State Street Global Advisors Funds Distributors. In
addition, he won the 2016 ETF Lifetime Achievement Award. Ross
explains how SPY, the S&P 500 ETF offered by State Street,
became one of the biggest exchange-traded funds. He also
discusses the origin of the Spyders Gold Trust, which briefly was
bigger than SPY. 


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