“ETF Definition: The Newer and Improved Evolution of the Mutual Fund” (http://remonsy.com/
After decades, many investors started realizing that mutual funds weren’t performing as well as previously hoped. In fact, according to the article (http://remonsy.com/
Due to this realization, John Bogle of Vanguard Funds decided to address the issue by making a mutual fund that didn’t have a manager. The index fund Bogle created would then buy the index stocks. Without a manager, the internal fees and trading costs became much lower.
Finally, in the early 1990s, the first ETF was created by State Street.
To read the details of the ETF definition, from mutual fund to index fund and beyond, visit the Remonsy ETF Network (http://remonsy.com/
Remonsy ETF Network utilizes Remonsy 5 Factor Investing, which is a proven strategy created through 26 years of experience investing in the best low-cost, tax-efficient ETFs.
About Remonsy and Tom Vaughan:
Tom Vaughan began his financial investing career in 1987 at a Wall Street investment firm. He then created his own money management firm at the age of 23. This firm was named Retirement Capital Strategies. He has worked with more than $300 million under management and has created over 6,000 financial plans.
Remonsy ETF Network does not hold or manage funds, take commissions or receive any fees from investment companies.