STRUCTURED LEARNING FOR YOUR NEXT STEP

ETF explained.

An exchange-traded fund pools assets under a stated strategy and trades on an exchange. Its holdings, costs, and structure determine its exposures; the label alone does not establish diversification.

Investments

ETF

An exchange-traded fund pools assets under a stated strategy and trades on an exchange. Its holdings, costs, and structure determine its exposures; the label alone does not establish diversification.

Example: Two different ETFs may both hold many of the same large companies.

Watch for: Buying several funds without checking overlapping exposures.

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