human
What is the difference between a mutual fund and an ETF?
assistant
The primary difference between a mutual fund and an ETF is that a mutual fund typically has a professional money manager, while an ETF is managed by a computer program. A mutual fund typically holds a variety of assets, such as stocks, bonds, commodities, or other investments, whereas an ETF will only hold one asset class. Additionally, mutual funds may charge fees for certain services, whereas ETFs do not.