Exchange-Traded Funds (ETFs) began in the 1990s, offering low-cost, index-tracking investment options. Initially passive, they evolved to include active strategies, sector-specific funds, and thematic ETFs. Innovations like smart beta and ESG-focused ETFs broadened investor choice. Today, ETFs are key tools for diversification, liquidity, and transparency, transforming global investin... https://businesssuccesselites.com/finance/evolution-of-exchange-traded-funds-etf/