The classic ice cream segment contributed approximately 80% in global retail ice cream industry in 2012, whereas Nestle and Unilever, the two largest players captured one-third of the total market. New product development and innovation plays an important role as a growth driver for industry.
In this example, most investors would expect one share of the ETF to trade at $2 per share (the equivalent worth of Security X and Security Y). While this is a reasonable expectation, it is not always the case. It is possible for the ETF to trade at $2.02 per share or $1.98 per share or some other value.
It was State Street Global Advisors that launched the first exchange-traded fund (ETF) in 1993 with the introduction of the SPDR. Since then, ETFs have continued to grow in popularity and gather assets at a rapid pace. The easiest way to understand ETFs is to think of them as mutual funds that trade like stocks. This trading characteristic is one of the many features that have made ETFs so attractive, particularly to professional investors and individual active traders. (For a background on what ETFs are and how they work, check out Introduction to Exchange-Traded Funds.) The Benefits of Trading Like a Stock.