William Sharpe headed Burton Malkiel in 1973 to popularize the market-oriented investments and thereafter the first exchange traded fund (ETF) was created in Canada in 1990 (TSE 35 participation units), and the first US ETF (the SPDR S&P 500 ETF, SPY) came to market in 1993 and by 2000, US ETF offerings included funds tracking the S&P 500 and Dow Jones sectors, international MSCI indices, and major US capitalization and style benchmarks. MASOUD GHOLAMPOUR elaborates. Over the following decade, ETF....