Funds That Track Indexes and Sectors
Here's the skinny on exchange-traded funds.
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Turned off by mutual funds but like the idea of investing in a packaged product that's designed to track an index or sector? Consider exchange-traded funds, or ETFs.
ETFs are like an index fund and closed-end fund combo. Each represents a basket of various indices-from ones that track the S&P 500 to international and sector indices-and trade as stocks do, all day long.
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