exchange-traded fund

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ex·change-trad·ed fund

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 ?
Sharif Sami, Chairman of the Egyptian Financial Supervisory Authority (EFSA), said in a phone interview with Reuters: "I don't think it will take more than two or three weeks to activate exchange traded funds on the Egyptian market; however our stated goal is to do so during the fourth quarter of the current fiscal year, if no unforeseen events prevent us from doing so.
The number of firms offering exchange traded funds will double to 26 by 2017.
The bank said that the value of Canadian exchange traded funds has increased to more than CAD40bn in less than 20 years, but only a few Canadian investors were familiar with them.