RT Journal Article SR Electronic T1 Etfs JF ETFs and Indexing FD Institutional Investor Journals SP 101 OP 105 VO 2001 IS 1 A1 Sheldon Gao YR 2001 UL http://guides.pm-research.com/content/2001/1/101.abstract AB The global investment world has witnessed an explosion of exchange-traded funds (ETFs) for the past two years. As the new generation of investment funds, ETFs provide both institutional and retail investors with innovative investment opportunities. Among their eleven key attributes are diversification, convenience, simplicity, cost-effectiveness, transparency, flexibility, tax-efficiency, and variety.