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Although there’s no general legal definition for the term “mutual fund,” a mutual fund generally refers to an investment fund that is professional managed and pools together money from many investors with each investor owning a share of that investment fund. However, let’s…
An exchange-traded fund is an investment fund (similar to mutual funds) but can be traded throughout the day with general liquidity (like stocks). In a sense, an ETF combines the best parts of mutual funds and stocks:
- stocks – high liquidityÂ
- mutual funds -…
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