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Largest transportation ETF to switch from world’s oldest index

The iShares ETF will quit the Dow Jones benchmark and move to a cap-weighted S&P rival

Steve Johnson

By Steve Johnson
May 18, 2021

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The world’s largest transport-focused exchange traded fund is set to be dragged from the 19th century to the 21st in one fell swoop.

The $2.2bn iShares Transportation Average ETF (IYT) currently tracks the Dow Jones Transportation Average Index, launched in 1896 and believed to be the world’s oldest extant stock market index.

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Continue reading on Financial Times â†’
This article was originally published by Financial Times on . View the original post here

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Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.

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