ETF (exchange-traded fund)
A fund that trades on an exchange like a stock and tracks an index or a basket of assets (SPY, QQQ, gold ETFs). A common vehicle for unleveraged, long-term exposure.
With an ETF you invest in hundreds of stocks in a single trade, and management fees are low. Leveraged and inverse ETFs (3x, -1x) rebalance daily, so over the long run they produce results different from what you'd expect.
For a trader, ETFs usually represent the investing side, while futures and CFDs represent the active trading side.
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