Two advantages of ETFs are their transparency and tax efficiency.
The key to understanding how ETFs work is the “creation/redemption” mechanism.
Authorized participants keep your ETF running smoothly.
Price is a multifaceted concept with ETFs.
Like any business, even low-cost ETFs need to generate revenue to cover their costs.
Securities lending can enhance ETF returns.
ETFs trade like stocks. ETFs trade nothing at all like stocks.
For individual stocks, liquidity is about trading volume and its regularity—more is better.
Structure is an important feature of any ETF.