Exchange-Traded Fund (ETF)

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An exchange-traded fund or ETF is a type of investment product that must register with the SEC as either an open-end investment company (generally known as “funds”) or a unit investment trust.

ETFs offer investors a way to pool their money in a fund that makes investments in stocks, bonds, or other assets and, in return, to receive an interest in that investment pool. ETF shares are traded on a national stock exchange.

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