Mutual Funds & Alternatives Market
The FINSEC Mutual Funds and Alternatives Market admits, lists and facilitates trading of Exchange Traded Funds (ETFs), Unit Trusts and Real Estate Investments Trusts REITs
An ETF is a basket of securities, shares of which are sold on an exchange. They combine features and potential benefits similar to those of stocks, mutual funds, or bonds. Like individual stocks, ETF shares are traded throughout the day at prices that change based on supply and demand. Like index mutual funds, ETFs offer a low-cost way to achieve diversification.
ETF shares are the “units” into which an ETF is divided; each share represents an ownership stake in the underlying portfolio of assets. The price of an ETF share fluctuates throughout the trading day as buyers and sellers enter into transactions on exchanges. When you buy shares, your order may be filled at any price within a trading range established by market supply and demand for that day; when you sell shares, your order may be filled at any price within that range.