Series 24: Exchange Traded Funds (ETFs)

Taken from our Series 24 Online Guide

Exchange Traded Funds (ETFs)

Exchange Traded Funds or ETFs are investment funds that contain stocks, bonds, or other assets, typically tracking an index. Most ETFs are not actively managed. Like closed-end funds, ETFs are bought and sold on an exchange through broker-dealers, and, like closed-end funds, individual ETF shares are not redeemable, except in the case of large investors or institutions, which can purchase large blocks of ETF shares in units called Creat

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