An Exchange Traded Fund (ETF) is a combination of the best features of conventional investment funds and individual stocks.

ETF aims to track the performance of a specific market index. If, for example, the Ukrainian equities index of the Ukrainian Stock Exchange grows by 30%, the ETF which tracks the index must also grow by 30% before expenses.

ETFs are characterised with high liquidity. The fund’s certificates are freely traded on the order-driven market, enabling investors to buy and sell them on a stock exchange even intraday.