Which one of the following statements about Exchange-Traded Fund (ETF) is not correct?
- A.It is a marketable security.
- B.It experiences price changes throughout the day.
- C.It typically has lower daily liquidity and higher fees than mutual fund shares.
- D.An ETF does not have its net asset value calculated once at the end of every day.
Show answer
. An Exchange-Traded Fund holds a basket of assets, such as the shares of an index, gold or bonds, and its units are listed and traded on a stock exchange like a share.
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