What are the key terms I should know about ETFs?
An example of an AI chatbot conversation about understanding ETF terminology.
What are the key terms I should know about ETFs?
ETFs, or Exchange-Traded Funds, have several key terms. Would you like to start with 'NAV' or 'expense ratio'?
Let's start with NAV.
NAV stands for Net Asset Value. It's the total value of the fund's assets minus its liabilities, divided by the number of shares outstanding.
What about the expense ratio?
The expense ratio is the annual fee that all funds or ETFs charge their shareholders. It includes management fees and other costs.
Are there any other important terms I should know?
Yes, terms like 'tracking error' and 'liquidity' are also important. Would you like to learn about those?
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