Exchange-Traded Fund
Definition
A pooled investment fund that trades on exchanges like a stock. Most track an index; offer diversification at low cost.
Example
SPY tracks the S&P 500 and trades over 100 million shares a day.
A pooled investment fund that trades on exchanges like a stock. Most track an index; offer diversification at low cost.
SPY tracks the S&P 500 and trades over 100 million shares a day.