• 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 liquidity 
    • mutual funds -…