PT - JOURNAL ARTICLE AU - Deborah Fuhr TI - Exchange-Traded Funds DP - 2003 Sep 21 TA - ETFs and Indexing PG - 32--37 VI - 2003 IP - 1 4099 - http://guides.pm-research.com/content/2003/1/32.short 4100 - http://guides.pm-research.com/content/2003/1/32.full AB - Since their creation in Canada in 1989, exchange-traded funds (ETFs) have opened a new panorama of investment opportunities. They allow investors to gain broad exposure to entire stock markets of different countries and specific sectors with relative ease, on a real-time basis and at a lower cost than many other forms of investing. In the current uncertain economic climate, we can expect continuing growth in the demand for ETFs worldwide, with products likely to exceed 350 over the next two years. This article offers a general view of the global climate for this product.