Exchange Traded Funds (ETFs) are investment funds that track the performance of various assets and can be traded on an exchange. They offer advantages such as intraday trading, lower fees, and flexibility. ETFs are generally structured as open-end funds, with new shares created and redeemed based on investor demand. Key players in the ETF industry include the manager, investment adviser, custodian, and market makers.
For an in depth explanation of ETFs and their advantages please refer to this article written by Callum Jones (journalist at Professional Planner).
Please call any of our adviser team at Bennett & Co if you would like to discuss further - Richard Bennett on 07 3876 8131, Tony Garnham on 07 3184 2520, or Michael Lynch on 0412 144 574.