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Exchange Traded Funds (ETF)

In: International Finance

Author

Listed:
  • Felix I. Lessambo

    (Fordham University)

Abstract

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.

Suggested Citation

  • Felix I. Lessambo, 2021. "Exchange Traded Funds (ETF)," Springer Books, in: International Finance, edition 1, chapter 0, pages 117-124, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-69232-2_9
    DOI: 10.1007/978-3-030-69232-2_9
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