The ETF Evolution: How a 1993 Idea Changed Investing
Exchange-traded funds (ETFs) have been around for over three decades. Objectively, they’ve come way farther than investors and advisors ever expected back at launch. When the first ETFs were introduced in the U.S. back in 1993, the wrapper was seen as little more than a means for passive access to well-known indices. Nowadays, ETFs span everything from active management to thematic investing, offering low-cost, diversified market exposure across thousands of funds.
Source: https://etfdb.com/portfolio-strategies-content-hub/how-1993-idea-changed-investing/
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