Partner John McGuire authored a practice note for LexisNexis Practical Guidance covering exchange-traded funds (ETFs).
John notes that like a traditional mutual fund, an ETF pools investors' money in a fund that invests in stocks, bonds, or other assets and in return each investor receives an interest in that investment pool. ETFs have many features similar to a traditional open-end or closed-end fund but are not mutual funds, and they differ from mutual funds in ways that may be more advantageous for certain investors.
Read the full LexisNexis Practical Guidance practice note >>
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