What is the difference between an ETF and a mutual fund?
ETFs are traded on an exchange during official exchange opening times. Mutual funds are generally not available via an exchange and tend to trade only once daily at the NAV at the end of the day valuation of the fund. ETFs generally aim to track the performance of an index and are managed through a passive investment technique. Mutual funds are mostly managed using an active investment management technique and aim to outperform an index.
