What is a basket of marketable securities in a category-such as an industry sector, an investment objective, or a geographical area-or that track an index and trade like shares?

Question

Quizplus · Accepted Answer

The description provided in the question perfectly matches the definition of an exchange-traded fund (ETF). ETFs are a type of investment fund that are traded on stock exchanges, just like individual stocks. They are designed to track the performance of a particular index, industry sector, or geographical area.

What Is a Basket of Marketable Securities in a Category-Such