For a brief moment last year, the exchange-traded fund held in greatest value by investors had nothing to do with the Standard & Poor’s 500. Or stocks of publicly traded companies of any sort.

Instead, it was an ETF that took stock in a metal. Gold.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.