MONEY MATTERS
ABCs of ETFs PLAYING WITH YOUR PORTFOLIO BY LESLIE T. SNADOWSKY
For those taking baby steps into investing, ETFs, or exchange-traded funds, may be the shiny new toy you’re looking for. They trade live on an exchange like individual stocks, but at a lower cost. They also allow you to invest in a lot of different types of securities all at once. And, even though they are passively managed, some ETFs have shown to produce returns that rival mutual funds over time.
F
■ HOW IT WORKS ETFs don’t sell assets, but they sell investment opportunities to profit off of asset performance. And it's that broad diversity of exposure to different products, stocks, bonds, commodities and currencies in varied economic industries that make ETFs so appealing to investors.
58
LocalBizSC.com Q3 2022
