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9 Things You Must Know About ETFs

Carolyn Bigda, Contributing Writer, Kiplinger's Personal Finance

There's no question that exchange-traded funds are becoming a big part of the investor's toolkit. Assets in ETFs and similar exchange-traded products now exceed $2.3 trillion, nearly 10 times what they were a decade ago, according to the Investment Company Institute, the fund industry's trade group. Some ETFs try to enhance return by using leverage or by betting against the direction of the market.