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ETFs arose to address all the weaknesses and capture all the benefits of mutual funds. Just like closed-end funds, they trade in the markets continuously, and just like open-end funds, they can be created and redeemed at any time by investors. The purpose of an ETF is to match a particular market index, leading to a fund management style known as passive management, which is the chief distinguishing feature of ETFs, and it brings a number of advantages for investors in index funds.
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- Exchange Traded Funds (ETF)
Felix I. Lessambo
- Copyright Year
- Springer International Publishing