ETFs are revolutionizing investing, offering access to diverse markets at lower costs. Similar to mutual funds, ETFs allow investors to buy shares representing a stake in the fund. The unique aspect of ETFs is that they are exchange-traded, allowing for intraday trading and a range of stocklike strategies.

This flexibility is what sets ETFs apart from traditional mutual funds, making them a popular choice for many investors. With lower costs, better tax efficiency, and the ability to trade at any time during market hours, ETFs offer a modern approach to building a diversified portfolio.

Read more at Yahoo Finance: ETF Education: What Is An ETF?