SIE Exam Question 240: Answer and Explanation

Question: 240

All of the below are typical features of an ETF except:

  • A. they often are sector-driven portfolios
  • B. they are traded each day based upon 4:00 pm NAV
  • C. they are marginable
  • D. none of the above are exceptions

Correct Answer: B

Explanation:

B: Exchange traded funds trade on exchanges at market prices determined by supply and demand – the same as regular corporate stocks.

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