Index Funds vs. ETFs: What They Are And How They Work
Years ago, investors bought and sold stocks in individual companies, often trying to beat the market’s average return. Then, in the early 20th century, the mutual fund — a single fund that held positions in multiple securities (usually stocks) chosen by investment managers (usually men) was born. Times change, of course. The market evolved again in 1976, and the first index fund became available.