In the United Kingdom, an exchange-traded fund (ETF) is a type of investment fund that tracks an index or basket of assets.
ETFs are traded on exchanges and can be bought and sold like stocks. ETFs are designed to provide exposure to a specific market or asset class, while offering the benefits of diversification and lower costs than traditional mutual funds.
ETFs are often used by investors as a tool to manage their portfolios in a more efficient and cost-effective way.