One of the many great things about investing in exchange-traded funds is how easy it is to find out what they cost, what they hold, how they’ve performed and how much income they pay.
ETF Facts is a standardized four-page document that regulators require investment firms to provide clients who buy ETFs. To find ETF Facts for a particular fund you’re researching, find its online profile and click on the tab that says “documents” or “literature.” A quick and easy way to find an online fund profile is to google the ETF company’s name along with the relevant stock symbol. Example: BMO ZCN for the BMO S&P/TSX Capped Composite Index ETF, which has the symbol ZCN.
-Average daily trading volume: Gives you a sense of the level of investor interest in a particular fund. Popular ETFs often trade in the hundreds of thousands of shares per day on average, or more. A thin trading volume would be in the hundreds of shares per day on average, or the low thousands.
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