What is ETF? I’ve always thought electronic funds transfer.
https://en.wikipedia.org/wiki/Exchange-traded_fund
“An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges.[1][2][3] ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars. Many ETFs provide some level of diversification compared to owning an individual stock.”
>>What is ETF? I’ve always thought electronic funds transfer.
Exchange Traded Fund. Basically an attempt to financially model something that doesn’t trade on a exchange (e.g. inflation rate, strength of the dollar) by a basket of things that do.