The definition of an exchange-traded fund is innocent and broad. Simply put, an ETF is a type of investment fund that is traded on a stock exchange. I guess the clue is in the name. It’s an important distinction, though, as unit trusts are not traded on exchanges.
Passive ETFs can be traced back to 1993, when investment firm State Street launched the SPDR S&P 500 ETF in the US. A passive ETF tracks an index and gives investors a way to obtain broad market exposure with a single, low-cost investment. This is critical in any wealth-creation strategy, as even the most seasoned stock pickers use ETFs to introduce “beta” into a portfolio. They strive for “alpha” on top of this...
FinanceGhost We have a lot more in common than I thought.
One you'll enjoy Nerina_Visser!
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KZN Floods | 'Treasury ready to release money' - KZN Finance MECNational Treasury has agreed to give KwaZulu-Natal money to recover from the disastrous floods, according to the province's Finance MEC, Nomusa Dube-Ncube. NO. The gravy train comes first. Oho to make individuals of the ANC rich 🤑 once again mxm. That money will not go to the Poor but to Ramaphosa's allies in KZN so they can back him in the upcoming Elections. ANCeThekwini ANC KZNFlooding KZNFlood
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