Why Is 'Fee-Shaming' Such a Hot Topic?

The video discusses the increasing popularity of ETFs, particularly among millennials who favor low-cost investment options. It highlights the shift from high-priced mutual funds to low-cost index funds and ETFs. The video also introduces some of the cheapest ETFs available, such as those offered by Schwab and Vanguard. Additionally, it explains the concept of smart beta, which combines active management strategies with lower costs, offering potential market outperformance.

What are the advantages of the Vanguard Total World ETF according to the speaker?

Explain the concept of smart beta as described in the text.