← All explainers

An ETF is an exchange-traded fund

Updated: 0 views

An ETF holds a portfolio; investors trade its shares on an exchange.

Price versus assets

Market price can differ from net asset value per share, or NAV. The buying–selling spread matters too.

Look inside

Review holdings, concentration and fees. A single-sector fund is not equivalent to a broad portfolio.

No guaranteed return

An ETF can lose value. Exchange listing does not make it an insured bank deposit.

Primary sources

The explainer is checked against these institutional and industry sources. Links open the original material.

All explainers