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As the exchange-traded fund space has grown and matured over the better part of nearly three decades, the sheer number of niche sub-sectors, themes, and strategies investors can access has multiplied exponentially. Launches of funds offering access to previously uncovered slices of the market - commonplace for the first two decades or so after the first ETF, SPY, listed on the American Stock Exchange in 1993 - have become few and far between.