Imagining a world without ETFs

Exchange traded funds hit the scene in 1993 and have since revolutionized the investing world. The low cost and transparent structure of ETFs has resonated well with investors, as the industry as a whole has accumulated more than $1.5 trillion in total assets. We thought it would be fun to imagine a world where ETFs didn’t exist, and what today’s investment world would look like without these powerful products....

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