Exchange-traded funds (ETFs)are similar to index mutual funds but have lower MERs and are traded like stocks,so have brokerage commission charges when buying and selling them.

Question

Quizplus · Accepted Answer

ETFs are similar to index mutual funds in that they track a specific index, such as the S&P 500, but they are traded on an exchange like individual stocks. This means that they have lower management expense ratios (MERs) than mutual funds and also have brokerage commission charges when being bought or sold.

Exchange-Traded Funds (ETFs)are Similar to Index Mutual Funds but Have