1990 – The SEC issued the Investment Company Act Release No. 17809. This would ultimately facilitate the creation of mutual funds that were able to create and redeem shares intraday.
1993 – SPDRs S&P 500 begins trading on the AMEX in January.
1999 – The Tracker Fund of Hong Kong (TraHK) was launched in November, becoming the first ETF in Asia.
2000 – In April, the European Exchange Traded Fund Company launched a pair of listed diversified return securities (LDRS) on the Deutsche Borse. The funds, which tracked the EURO STOXX 50 and STOXX 50 indices were co-managed by Merrill Lynch. Later in the same month, iShares launched the first ETF in the UK, the iFTSE 100.
2003 – In February the first ETF on a fixed-income index in Europe was launched. The ETF eb.rexx Government Germany was issued by Indexchange and tracked the Eurex Bonds Government Germany index (eb.rexx).
2003 – ETF Securities launches the world’s first exchange-traded commodity Gold Bullion Securities in Australia and London.
European ETF Asset Growth by Broad Asset Category Source: Blackrock, Bloomberg
Proliferation of Asset Classes Category/Asset Class # of ETFs Total Net Assets As a % of Total Industry Assets Europe Equity 424 60,526,666,986 42.47 International Equity 243 32,723,777,179 22.96 Fixed Income 153 30,582,153,845 21.46 Traditional Asset Classes 820 £123,832,598,010 84.68 Commodity 291 16,982,675,211 11.92 Other 18 1,476,473,085 1.04 Currency 22 208,379,461 0.15 European ETF Industry Total 1151 £142,500,125,766 100.00 Morningstar Data as of Feb. 2010