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What’s the difference between ETFs, SMAs and mutual funds?

difference ETFs Mutual funds
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What’s the difference between ETFs, SMAs and mutual funds?

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An exchange-traded fund (ETF) buys securities that are representative of one or more of the many market indices and sells blocks of shares to investors. ETFs are generally an economical way to invest in a particular market sector. Because these are essentially investments in indices, they are not actively managed.

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