Collective investment undertakings

Exchange Traded Fund (ETFs)

ETFs are investment funds that are listed on the stock markets in the same way as shares, their main objective being to replicate the behavior of a specific index to which it is referenced (such as the S&P 500). Unlike mutual funds, it is not necessary to wait for the closing net asset value to make purchase or sale transactions, since they can be contracted at any time during market trading hours and using the same types of orders.

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