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FYI: Thought the first U.S. exchange-traded fund was launched around 1993, ETFs were still gaining traction in 2004 when Paul Frank launched his own ETF-based mutual fund. Today, ETFs have become popular investment vehicles, hitting nearly $2 trillion in U.S.-listed ETF assets and nearly $3 trillion globally. Regards, Ted http://www.thinkadvisor.com/2015/08/20/etfs-then-now-before-they-were-popular?t=etfs
