Exchange traded funds (ETFs) have advanced a long way since the first U.S. product launched in 1993. More investors are recognizing that ETFs offer a rich diversity of investment exposures at low cost, along with transparency and liquidity. This paper examines four ETF growth trends with a focus on the U.S. and Europe, regions that are most likely to carry global ETF assets over $12 trillion by the end of 2023
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