Glossary - ETFs
Description
An Exchange-Traded Fund (ETF) is an investment fund that holds a basket of securities—similar to a mutual fund—but trades on an exchange like a stock. ETFs typically aim to track an index, sector, or asset class and can be bought and sold throughout the trading day.
Alternate Names
- Index fund
- Passive fund
- Exchange-traded product
- Tracker fund
- Listed fund
- Exchange-traded instrument
