exchange-traded fund

noun

plural exchange-traded funds

: an investment fund that is created to track the performance of a particular market index, commodity, industry, etc. and that allows investors to purchase individual shares that can be bought and sold like regular stocks on a stock exchange : etf

Investing in a mutual fund or exchange-traded fund … means putting money in a pool with other investors used to purchase a diverse range of stocks.

—Brooks Johnson

Investors putting money in foreign stocks often prefer mutual funds or exchange-traded funds because they offer diversity with a smaller investment.

—Andrew Leckey

Word History

First Known Use

1990, in the meaning defined above

Rhymes for exchange-traded fund

• and
• bund
• gunned
• hund
• mund
• shunned
• stunned
• fecund
• refund
• rotund
• secund

Legal Definition

exchange-traded fund

see also:

fund sense 2