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etf.stock-encyclopedia.com
An ETF (Exchange-Traded Fund) is a form of mutual fund which is freely traded on a stock exchange, in the same way that a company's shares are. There is no front- or back-end "load", and the only cost to buy and sell is the standard brokerage fee. Like mutual funds, they charge a management fee, but for ETFs it is typically much less -- usually under 1% per year.
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