Which of the following statements is/are correct about Exchange Traded Funds (ETFs)? 1. Exchange Traded Funds (ETFs) are mutual funds listed and traded on stock exchanges like shares. 2. Index ETFs are created by institutional investors swapping shares in an index basket, for units in the fund. 3. ETFs are passive funds where the fund manager doesn’t select stocks on customer’s behalf, instead, the ETF simply copies an index and endeavors to accurately reflect its performance. Select the correct answer using the codes given below: - Study24x7
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UPSC & State PSC
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Which of the following statements is/are correct about Exchange Traded Funds (ETFs)? 1. Exchange Traded Funds (ETFs) are mutual funds listed and traded on stock exchanges like shares. 2. Index ETFs are created by institutional investors swapping shares in an index basket, for un...

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A

1 and 2 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

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