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The ETF Advantage

Benefits and Risks of Exchange-Traded Funds

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Passive Index Funds: More Popular—But Getting More Complicated

At the beginning, the promise of passive funds was simple: Match the market’s performance, beat active managers on price. Starting in the 1970s with Vanguard’s pioneering index funds and boosted in recent decades by the surge of flows into exchange-traded funds (ETFs), so-called “passive” investing strategies have been on a slow …

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