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Which of the following is a characteristic of an exchange-traded fund (ETF)?

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Which of the following is a characteristic of an exchange-traded fund (ETF)?

Which of the following is a characteristic of an exchange-traded fund (ETF)?

▸ Shares trade at the net asset value like shares in an open-end fund.

▸ Shares are traded in the secondary market like shares in a closed-end fund.

▸ The shares are invested only in common stock of publicly traded corporations.

▸ The number of shares outstanding is fixed as in a closed-end fund.

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Personal Finance

Personal Finance

Edition: 2^nd

Author: Bajtelsmit

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