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exchange-traded fund

noun
/ɪksˌtʃeɪndʒ ˈtɹeɪdɪd ˈfʌnd/

Etymology

exchange-traded + fund

  1. borrowed from fundus
  2. compounded as exchange-traded fund — “exchange-traded + fund”

Definitions

  1. An investment fund traded on stock exchanges, much like stocks.

    • An exchange-traded fund is a basket of stocks that tracks a specific index.
    • The first exchange-traded fund was launched in the early 1990s to track the S&P 500.
    • Many retail investors prefer an exchange-traded fund over a mutual fund due to the intraday liquidity.

The neighborhood

Vish — recursive loop

No curated loop yet for exchange-traded fund. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA