What is a etf fund
[DOC File]ETF Basics
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at least one ETF sponsor has received SEC exemptive relief to organize each ETF as a class of shares of a multi-class mutual fund iii. in contrast to UITs, have greater flexibility in respect of, e.g., portfolio management, investment of dividends, lending of portfolio securities and creation of rule 12b-1 plans (for payment of distribution ...
[DOC File]Exchange Traded Funds (ETFs) and Exchange Traded Notes …
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5. Unlike an open-end fund, in which underlying shares are redeemed when the fund is redeemed, a closed-end fund trades as a security in the market. Thus, their prices may differ from the NAV. 6. Advantages of an ETF over a mutual fund: ETFs are continuously traded and can be …
Exchange-traded fund - Wikipedia
An exchange-traded fund (ETF) is similar to a mutual fund that tracks a specific stock or bond index, such as the Barclays Capital U.S. 1–3 Year Treasury Bond Index. ETFs trade on one of the major stock markets and can be bought and sold throughout the trading day, like a stock, at the current market price.
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