exchange-traded fund
(redirected from Listed Index Securities)Also found in: Financial, Encyclopedia.
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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.