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Basic Question 7 of 15
Which statement(s) about the exchange traded funds (ETFs) is(are) true?
II. ETFs are typically actively managed stock or bond funds.
III. All investments are settled at the net asset value.
I. ETFs combine features of closed-end and open-end mutual funds.
II. ETFs are typically actively managed stock or bond funds.
III. All investments are settled at the net asset value.
User Contributed Comments 2
| User | Comment |
|---|---|
| Logaritmus | II. There are also bunch of commodities ETFs III. Example: ETF 100% Back with physical silver might have higher price/share than price of asset in case of shortage (2011 highs). |
| khalifa92 | Note: the prices track NAV but it's not NAV. |
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Craig Baugh
Learning Outcome Statements
describe mutual funds and compare them with other pooled investment products
CFA® 2024 Level I Curriculum, Volume 6, Module 3.