Thanks to their low costs, easy access, and sophistication, exchange-traded funds (ETFs) have steadily taken inflows for decades. As of Q4 2022, BlackRock estimates that ETFs make up 12.6% of equity assets in the U.S. Today, there are sector-based ETFs and even ETFs that focus on a specific type of developing technology or industry.

With so many options available, BlackRock forecasts the U.S. ETF industry to surpass $13 trillion in assets under management (AUM) by the end of this year and possibly $25 trillion in AUM by the end of 2027.

Investors looking for ETFs that produce passive income have come to the right place. The Vanguard Utilities ETF (NYSEMKT: VPU), iShares Global Infrastructure ETF (NASDAQ: IGF), and iShares Core High Dividend ETF (NYSEMKT: HDV) are three foundational ETFs with exposure to top stocks across a variety of sectors. Here, three Motley Fool contributors outline what makes each ETF a great buy now. 

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Source Fool.com