In Canada, an EFT (Exchange Traded Fund) and a Mutual Fund are similar, but there are differences. This is an overview only.
Mutual funds are actively traded by investment managers. They set a strategy and buy and sell stocks and more to achieve a return. An EFT reflects the performance of an index the S&P 500 or the S&P /TSX Composite for example.
Note: There are some mutual funds and segregated funds (variable annuities) that hold EFTs as investments.
If you have further questions, or if you feel that I could be of assistance, please do not hesitate to contact me.
Mutual funds are often used as part of a retirement plan. If you would like to work with a local Retirement Planner, you could start with a Google search. For example, if you search for: retirement planner Halifax or retirement planning Halifax, my name, along with several others, will come up. You can use the same method to find Retirement Planners in your community.
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Mutual funds are actively traded by investment managers. They set a strategy and buy and sell stocks and more to achieve a return. An EFT reflects the performance of an index the S&P 500 or the S&P /TSX Composite for example.
Note: There are some mutual funds and segregated funds (variable annuities) that hold EFTs as investments.
If you have further questions, or if you feel that I could be of assistance, please do not hesitate to contact me.
Mutual funds are often used as part of a retirement plan. If you would like to work with a local Retirement Planner, you could start with a Google search. For example, if you search for: retirement planner Halifax or retirement planning Halifax, my name, along with several others, will come up. You can use the same method to find Retirement Planners in your community.