The Exchange Traded Fund (ETF) industry has gained much attractivity among investors in the last decade but remains still a shady market with some technicities. This research article aims to address the origin of this concept and its recent tendencies by describing the main features and...

This research piece will discuss the origins of this notion and its subsequent trends by explaining its primary characteristics and theoretical background. To address the primary research question, we will conduct a comparative analysis of Smart beta ETFs, actively managed ETFs, and passive ETFs...