exchange-traded fund

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ex·change-trad·ed fund

 (ĭks-chānj′trā′dĭd)
n. Abbr. ETF
An index fund whose shares trade continuously on a securities exchange and allow investors to speculate on the performance of the market or sector represented by the fund's assets without the restrictions of traditional mutual funds.
References in periodicals archive ?
ETFS can be more tax-efficient than mutual funds because they are structured to accommodate in-kind trading, so investor redemptions typically don't represent taxable events, nor do they result in year-end capital gains.
ETFS also offer complete transparency in terms of holdings and weightings, something many investors appreciate with Wall Street collapses and the Madoff scandal still fresh on their minds, says McRedmond.
Assuming the transaction was consummated today and based on the average closing price of Prosperity's common stock determined pursuant to the merger agreement, ETFS stockholders would receive shares of Prosperity common stock with an aggregate market value of $22,440,060.
ETFS launched the world's first Commodity ETC platform in Europe between 2003 and 2006 accumulating over $15.
NEW YORK -- ETF Securities announced today that executives from the firm will Ring the Opening Bell of the New York Stock Exchange on July 18, 2011 in celebration of the launch of ETFS Asian Gold Trust (AGOL) and ETFS White Metals Basket Trust (WITE).
The ETFS 3x Daily Long DAX 30 and ETFS 3x Daily Short DAX 30 enable investors to participate in the positive and inverse performance of Germany's 30 largest stock corporations with a leverage factor of three.
Commenting on this award for ETF Securities in the US, William Rhind, Head of Sales & Marketing for ETFS Marketing LLC, commented:
Prior to joining ETFS, Joe was Vice President at Foreside Fund Services providing third party sales and marketing services to startup asset managers.
Commenting on this milestone for ETF Securities in the US, William Rhind, Strategic Director for ETFS Marketing LLC, commented:
The ETFS White Metals Basket Trust, The ETFS Precious Metals Basket Trust, The ETFS Gold Trust, ETFS Silver Trust, ETFS Palladium Trust and ETFS Platinum Trust are not investment companies registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act.
Unique offering: ETFS Physical WM Basket Shares (Ticker: WITE) will be the first US physically-backed ETP to exclusively hold silver, platinum and palladium in fixed weights.
Although our definitive agreement has been terminated, I plan to remain a director of ETFS and the Bank, and look forward to continuing to work with the Bank's management to improve asset quality and operating performance.