Exchange traded fund, or ETF
Definition
An exchange traded fund (ETF) is a basket of investments that can include companies, gold, bonds and property. Many KiwiSaver funds invest in ETFs because they help diversify an investment portfolio. Some ETFs follow an index, such as the S&P 500, which includes the 500 largest companies listed on the US share markets including many of the world’s most recognisable brands. Read more about exchange traded funds.
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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