IN PLAIN ENGLISH
An exchange-traded fund: a fund listed on a stock exchange and traded all day like a share.
WHERE YOU MEET IT
Added and priced like any share. The sector pies split it across the sectors it holds; where a holding can sit in only one group, it's filed as Fund.
WATCH OUT FOR
Each trade can carry the same dealing costs and spread as buying a share.
EXPLAINED IN
Educational content only. It is not personal financial advice.