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A Guide to Getting Started with ETFs

Sandra Testani, CFA, CAIA Sandra Testani, CFA, CAIA

Vice President ETF, Product & Strategy

Introduces the basics of ETFs, their history, how they work, how they compare with mutual funds, and more

Not since the development of the mutual fund more than a century ago has a product invented by the financial services industry revolutionized investing on par with exchange-traded funds (ETFs). From humble beginnings in 1990 when the first successful ETF debuted in Toronto, they have gained popularity as a tool to help investors achieve their investment goals. As ETF acceptance and diversity increase, it’s important to understand the pluses and minuses of the structure and how they differ from mutual funds. This paper will help you make better-informed decisions about how and when to use them in portfolios.


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