ETFs like the iShares Core S&P 500 ETF (IVV) and the Vanguard Total Stock Market ETF (VTI) continued to gather significant assets in 2023. There is a lot to be thankful for in the ETF industry in 2022 despite global equity and bond markets remaining under pressure from high inflation and the aggressive actions of central banks that could result in prolonged economic weakness. Advisors and end clients have embraced the ease of use, liquidity, tax efficiency, and typically low costs that ETFs offer relative to mutual funds.