ETFs are index-fund-like vehicles that track market benchmarks, like broad indexes like the S&P 500, the Wilshire 5000. It can also include specific sector indexes, such as the Dow Jones U.S. Technology or the S&P Global Healthcare sectors.
ETFs are created by financial firms like BlackRock, Vanguard, and State Street.
Example of ETF has iShares S&P 500 ETF, run by BlackRock that tracks the S&P 500. They charge small fee of 0.09 percent in annual fees.
More information about ETFs, can visit:
http://www.sg.morningstar.com/
http://www.ishares.com/ (an ETF website run by BlackRock)
http://www.tdameritrade.com/ (website of online broker TD Ameritrade)
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