What a neat run have exchange-traded funds had.

From the germ of an idea at the American Stock Exchange in 1993, to a business holding $2 trillion in assets worldwide and $1.4 billion in the United States in 2013.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.