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What are Exchange-Traded Funds (ETFs)?

What are Exchange-Traded Funds (ETFs)? They are a relatively new class of investment funds that hold underlying assets like a mutual fund, but are traded on a stock exchange like individual stocks. To better understand ETFs, here are some of the characteristics groupped into their similarity with mutual funds and individual stocks. ETFs are similar … Read moreWhat are Exchange-Traded Funds (ETFs)?