Some 20 years after their 1993 debut, exchange-traded funds had become commonplace. However, several obstacles prevented them from supplanting mutual funds as the Main Street investment. ETFs lacked sales commissions, which limited their appeal to financial advisors. They were almost always passively managed stock portfolios. In addition, several ETFs had behaved erratically during the 2010 flash crash, which raised concerns about the group’s structural stability.
Continue reading at Morningstar right here: https://www.morningstar.com/articles/1018487/farewell-mutual-funds?utm_medium=referral&utm_campaign=linkshare&utm_source=link&fbclid=IwAR3uLHosjuXC-nGLA8zr6jC97zvNmegRPuUB1MjLyYEARbPA3cGBXW-3AAA