Investing in exchange-traded funds (ETFs) can be a fantastic way to generate wealth with minimal effort. Each ETF may contain dozens or hundreds of different stocks, taking much of the guesswork and research out of where to buy.

Growth ETFs, in particular, are designed to earn above-average returns over time. The stocks in these types of funds have the potential for faster-than-average growth, so these ETFs are more likely to beat the market.

While there's no single best investment that will fit every portfolio, there's one powerhouse growth ETF that has a history of earning above-average returns while still limiting risk. And with just a couple of hundred dollars per month, it could potentially help you earn more than $700,000 over time.

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Source Fool.com