etf
/ˌiː tiː ˈɛf/
noun
- A type of investment fund that is traded on stock exchanges, like a stock, and holds assets such as stocks, bonds, or commodities.
- Many investors buy an ETF to get a diversified portfolio without buying many individual stocks.
- She put some of her savings into a low-cost ETF that tracks the S&P 500.
- The price of the ETF changes throughout the day as it is bought and sold on the exchange.