ETF

ETF (exchange-traded fund) — a fund whose units trade on a stock exchange like shares, with live prices and T+2 settlement. Most of the world’s cheapest index funds are ETFs: FMETF on the PSE, VWRA/CSPX on the London exchange. Contrast with UITFs and mutual funds, which price once daily at NAVPU and are bought from the institution rather than on an exchange.

First used in: 1.5 · Why the index wins (principles)