Exchange-traded funds are like mutual funds in that they are often structured as an open-end investment company,but they also resemble stock as they are traded throughout the day on a stock exchange.

Question

Quizplus · Accepted Answer

Exchange-traded funds (ETFs) are hybrid investment products that combine elements of both mutual funds and stocks. They are structured as open-end investment companies, which means they can issue and redeem shares at any time, but they are also listed on stock exchanges and can be bought and sold like stocks throughout the trading day. Therefore, the statement is true.

Exchange-Traded Funds Are Like Mutual Funds in That They Are