Exchange-Traded Funds (ETFs) began in the early 1990s, offering low-cost, diversified investment options. Initially tracking major indexes, they evolved to cover sectors, commodities, and bonds. Innovations like smart beta and actively managed ETFs expanded choices. Their liquidity, tax efficiency, and transparency fueled rapid growth, making ETFs a key tool for both institutional and... https://businesssuccesselites.com/finance/evolution-of-exchange-traded-funds-etf/