Learn the ABCs of ETFs - ETF - Strategy - IVV:
"Exchange-traded funds, or ETFs, are index funds that trade like stocks on major stock exchanges. They were introduced to U.S. markets in 1994 and now have a market value of $150 billion. Although that's still a relatively small number compared with the $7.5 trillion held in open-end mutual funds, ETFs are experiencing explosive growth and are now commonly found in the portfolios of institutional and retail investors alike."
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