An (ETF) is an "exchange traded fund". There are over 7,500 different ETFs globally, and they are listed on most major exchanges. They have a wide diversity of underlying asset classes, countries, indices and investment themes. While traditional mutual funds can only be created once a day, ETFs can be purchased all day long. They are also highly liquid and tax-efficient due to their low turnover and low turnover.
Key learning objectives:
What is an ETF?
Understand how trading of ETFs differs from trading of stocks
Understand the development of ETF market