An ETF is a type of what?

Here is the question :

AN ETF IS A TYPE OF WHAT?

Here is the option for the question :

• Savings account
• Government subsidy
• Investment fund
• Import tax

The Answer:

And, the answer for the the question is :

Explanation:

[STC0013790]. Exchange-traded funds, or ETFs, are a type of investment pool asset that trade on stock exchanges like common stocks but function similarly to mutual funds. The SPDR S&P 500 ETF (SPY), the first exchange-traded fund, was established in 1993 and follows the S&P 500 index (Standard & Poor’s 500 Index), a market-capitalization-weighted index. Since then, millions of investors have adopted the idea as part of their portfolios.