In by Kristia van Heerden

An exchange-traded fund (ETF) is a listed investment product. ETFs are usually index-tracking products, which means a single ETF share gives the holder exposure to an entire index—sometimes consisting of thousands of individual shares. ETFs give investors the opportunity to invest in entire markets easily and cheaply. ETF units (also called shares) can be bought wherever you buy ordinary shares, since ETFs are listed on the exchange.