This podcast episode provides a comprehensive overview of ETF management, detailing the roles, risks, and strategies involved, particularly highlighting BetaShares' unique approach. Ilan discusses how ETFs serve as tools for investors to express their investment views, the mechanics of selecting underlying securities, the critical function of market makers in maintaining liquidity, and the workings of short and leveraged ETFs. Closing with practical advice for long-term ETF investing, the episode encourages simplicity, diversification, and diligent research to navigate the dynamic ETF landscape effectively.