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Mr and Mrs
Mr and Mrs. Jones are looking for a financial product with the diversification of mutual funds and active tradability of individual stocks. Mr. and Mrs. Jones should purchase:
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Exchange Traded Funds (ETFs)
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Open-ended investment companies
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Emerging market mutual funds
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Municipal bonds
Expert Solution
An ETF is an exchange traded fund, which is a security that is essentially a collection of stocks which tracks an underlying index.
ETFs are very similar to mutual funds, but the major difference is that they are passive funds which are listed on the stock exchanges and hence trade during the day and provide ample liquidity.,
An ETF will replicate the index and is a passive investing strategy with the upside of being an extremely liquid one.
Hence the correct answer is option A: Exxchange Traded Funds (ETF)
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