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The ETF Report

An exchange-traded fund (ETF) is a type of pooled investment security that operates much like a mutual fund. Typically, ETFs will track a particular index, sector, commodity, or other asset, but unlike mutual funds, ETFs can be purchased or sold on a stock exchange the same way that a regular stock can. An ETF can be structured to track anything from the price of an individual commodity to a large and diverse collection of securities. ETFs can even be structured to track specific investment strategies.

Markets

Cathie Woods' Ark Investment launches Space ETF

Cathie Woods' ARK Investment is getting in on the space race, launching a Space ETF Tuesday that will focus on "leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth."