Exchange-traded funds
Investment funds
Summary
An ETF pools investor money in a portfolio and has shares that trade on an exchange. [1]
Key points
Definition
An ETF pools investor money in a portfolio and has shares that trade on an exchange. [1]
How the concept works
The portfolio may hold stocks, bonds or other assets. Different ETFs have different strategies and exposures; the fund structure alone does not determine its risk. [1]
Key facts and scope
Source review record
Source record reviewed for this edition; not an event date [1]
Questions and answers
Does every ETF have the same investment exposure?
No. ETF portfolios and strategies vary, so investors need to examine the individual fund’s holdings and objectives. [1]
Sources and editorial notes
Source-based organization of the available facts. Missing business history, financial results or legal mandates are not inferred.
Prepared 23 October 2026. Source dates and review dates have different meanings. This is reference information, not investment advice.