The US exchange traded fund (ETF) that was designed to help traders avoid the pitfalls of high fees and high risk-taking by setting up a “buy” and “sell” order.
But the fund also helped push up the value of a stock in the midst of a major stock market crash.
The fund, which had been designed to give investors exposure to a wide range of stock indexes, lost about $100 billion in value after the crash.
But its main driver, the benchmark S&P 500 index, continued to grow after the fund’s losses.
Here’s a look at some of the ways the fund helped propel the market and helped bring back the Dow Jones Industrial Average.