How ETFs Swallowed the Stock Market

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ETFs are eating the stock market—and investors should be delighted

Everyone knows that exchange-traded funds have soared in size over the past decade, with the biggest now valued at $258 billion.

But where ETFs have really excelled is in grabbing trading, with far more trading now in several of the big ETFs than in the largest members of the indexes to which they are linked.

 

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