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Skol

32,984 Posts.

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31/01/20

06:18

Post #: 42659070
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Originally posted by Hiddenvalue: ↑

No @Skol you are wrong!!

An ETF in simple terms for the financially challenged is a financial product. That is why you need a financial services licence if you are advising clients to invest in an ETF because the regulators also clearly deem it as a financial product.

For your benefit please see the definition below.

Anexchange-traded fund(ETF) is an investment fund traded on stock exchanges, much like stocks. AnETFholds assets such as stocks, commodities, or bonds and generally operates with an arbitrage mechanism designed to keep it trading close to its netassetvalue, although deviations can occasionally occur.

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I am not wrong. There's thousands of ETF's listed worldwide and anyone can buy them.

I trade them myself. I bought an ETF a while back. LIT...Global X Lithium Fund, listed on the NYSE.

There's heaps of gold ETF's that trade real gold, gold miners or paper gold.
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