Should State Street SPDR S&P 500 ETF Trust (SPY) Be on Your Investing Radar?

Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the State Street SPDR S&P 500 ETF Trust (SPY) is a passively managed exchange traded fund launched on January 29, 1993. The fund is sponsored by State Street Investment Management. It has amassed assets over $800.00 billion, making it the largest ETF attempting to match the Large Cap Blend segment of the US equity market. Why Large Cap Blend Large cap companies typically have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.