Exchange traded funds (ETFs) have seen their popularity explode in recent years, and there is now more than US$6 trillion invested in the global ETF industry, according to ETFGI.
Personal finance expert Barry Choi walks investors through an overview of what ETFs are and some of the reasons for their popularity, such as their provision of intraday liquidity, where investors can sell the ETF at any point during the trading day.
He continues that ETFs typically have lower fees when compared to mutual funds