Written by Amy Legate-Wolfe at The Motley Fool Canada
Exchange-traded funds (ETFs) have been a fantastic tool for Canadians to grow their wealth, often delivering impressive returns. For instance, the average return of the S&P/TSX Composite Index ETF has been about 7-8% annually over the past decade. This steady growth, combined with the ease of diversification that ETFs offer, has made them increasingly popular. Many investors are surprised at how these seemingly simple funds have delivered such robust long-term returns. So, let’s look at why these ETFs are simply a perfect investment.
The strength of ETFs
ETFs have become more versatile, offering access to different sectors, themes, and asset classes. These are no longer just conservative, passive investments. With options ranging from technology-focused ETFs to dividend-based ones, ETFs allow investors to tailor their portfolios based on their risk…
