IN PLAIN ENGLISH
An open-ended investment company: a fund priced once a day at the value of its holdings, bought from and sold back to the manager.
WHERE YOU MEET IT
Not listed on an exchange, so the app can only track the ones its data provider covers.
WATCH OUT FOR
You won't know the exact price you'll get until after you've placed the order.
EXPLAINED IN
Educational content only. It is not personal financial advice.