In recent years, more specialized exchangetraded funds (ETFs) that focus on narrower market baskets of assets have appeared on the market. Like _____, ETFs are traded just like stocks.

Question

In recent years, more specialized exchange­traded funds (ETFs) that focus on narrower market baskets of assets have appeared on the market. Like _____, ETFs are traded just like stocks.

Quizplus · Accepted Answer

Closed-end mutual funds, like ETFs, are traded on stock exchanges and have a fixed number of shares, allowing them to be bought and sold throughout the trading day at market prices.

In Recent Years, More Specialized Exchange­traded Funds (ETFs) That Focus

In Recent Years, More Specialized Exchangetraded Funds (ETFs) That Focus