Exchange Traded Funds are created to gain broad market exposure, like mutual funds, that individual investors could not have achieved on their own. But built upon mutual funds, exchange traded funds actually combine different features of different types of mutual funds to make them available all in one single ETF, namely the valuation feature of open-end mutual funds and the tradability feature of closed-end funds.
[Read more…] about Exchange Traded Funds – Pros and Cons
