Things ETF doesn’t stand for
Naturally the first question that comes to mind is: "What the heck is an ETF?"
Just for fun, I asked a bunch of the girls laying by the pool today what they thought an ETF stands for. And now I'm here to inform you that ETF does NOT stand for the following:
- Electrical Toy Fun
- Especially Trained Frog
- Emergency Tissue Fund
- Entertaining Transgender Female (AKA Caitlyn Jenner)
And finally, ETF doesn't stand for
- Extra Terrestrial Finance
It's more down to earth than that. Sorry girls... Close, but not quite the answer we were looking for.
And the answer is... [Drum rolls please]
Exchange Traded Fund