FYI: Since they debuted with SPDR S&P 500 (SPY) in 1993, ETFs have multiplied and grown in popularity. With more than 29 that have been around since 1998, 119 since 2003 and 632 since 2008, exactly how do ETFs work and why do investors like them?
There are nearly 2,000 ETFs in the U.S., according to the Investment Company Institute. They held a combined $3.68 trillion in assets as of September, a surge of 20% over the previous 12 months. And this year alone, net issuance (value of shares issued minus redeemed) stood at $172.2 billion at the end of August. Many deliver market-beating returns and have become the investment vehicle of choice among financial advisors who create and manage retirement portfolios for their clients.
Regards,
Ted
https://www.investors.com/etfs-and-funds/etfs/what-is-etf-how-do-etfs-work/
