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Ex·change-trad·ed fund

noun
- 1. a type of investment fund that is traded on a stock exchange: "two exchange-traded funds that own biotechnology stocks both fell about 4% this week"
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Exchange-traded fund
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Investment fund traded on stock exchanges
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars. The list of assets that each ETF owns, as well as their weightings, is posted on the website of the issuer daily, or quarterly in the ca... Wikipedia
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