NetworkNewsWire Editorial Coverage: The world’s first exchange-traded fund (“ETF”) was created in Canada in 1990, with the first U.S.-based ETF following suit a few years later. In those days, these novel investment alternatives were primarily reserved for institutional investors hoping to capitalize on sophisticated trading strategies.
Today, ETFs claim a dominant position in the portfolios of millions of investors attracted to diversification and convenience. Research by brokerage firm Charles Schwab suggests that more than nine in 10 millennials consider ETFs “a necessary part” of their investment strategies. The same survey shows that more than one in three respondents have changed their entire portfolios over to…
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