Glossary Detail: ETF (Exchange-Traded Fund)
Related Premium Insight
Backtesting ETF (Exchange-Traded Fund) on High-Beta Names
Funds that trade like stocks and track an index, sector, or theme. Key macro ETFs (SPY, QQQ) provide essential market context.
Further Details:
An Exchange-Traded Fund (ETF) is a pooled investment that trades on stock exchanges like individual shares. ETFs track indices (SPY tracks S&P 500), sectors (SMH tracks semiconductors), commodities (GLD tracks gold), or other baskets. They provide instant diversification and are the primary vehicle for institutional macro positioning.