One-Stop Dividend Shopping

Exchange-traded funds (ETFs) have come a long way since Standard & Poor's Depositary Receipts (SPDRs) first appeared in 1993. By the end of the first quarter of 2006, there were 212 ETF portfolios in the U.S., holding more than $321 billion in assets, according to the Investment Company Institute. The first ETF of dividend-paying stocks arrived in 2003. Now, there are eight such ETFs available to U.S. investors, with more on the way.

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