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What's the difference between an ETF and a mutual fund?
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An ETF is an Exchange Traded Fund, which is a type of investment fund that tracks an index or a basket of assets. A mutual fund is a type of investment fund that pools money from many investors to purchase securities such as stocks, bonds, and other investments. Mutual funds can be open-end funds, where new investors can buy shares at any time, or closed-end funds, where existing shareholders can sell their shares on the open market.