Markets & Economy

 

What ETFs really are

April 10, 2014
 
 

The ABCs of ETFs

Exchange-traded funds (ETFs) and mutual funds have their similarities and differences. Vanguard investing experts Joel Dickson and James Rowley define ETFs and how they can provide access to a sound indexing strategy.

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Important information

  • All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.
  • For more information about Vanguard ETF Shares, visit vanguard.com, call 800-992-8327, or contact your broker to obtain a prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.
  • Vanguard ETF Shares are not redeemable with the issuing Fund other than in Creation Unit aggregations. Instead, investors must buy or sell Vanguard ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.
  • This webcast is for educational purposes only. We recommend that you consult a financial or tax advisor about your individual situation.