Its popular in the media - but it isn't really used as a benchmark. DIA, the Dow Jones Industrial Average ETF has $12bn AUM whereas SPY, the market-cap weighted S&P 500 etf has $189bn AUM... and probably significantly more if you look at all the "passive" money...
Comments
I can't upvote this enough. Once I learned about it, it really shocked me about how this is one of the most popular indexes in the world.
Its popular in the media - but it isn't really used as a benchmark. DIA, the Dow Jones Industrial Average ETF has $12bn AUM whereas SPY, the market-cap weighted S&P 500 etf has $189bn AUM... and probably significantly more if you look at all the "passive" money...