Mutual Funds and ETFs

Mutual Funds and ETFs

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Question 1 of 3

1. Question
What is a primary difference between ETFs and mutual funds?
- ETFs are only available during market hours, while mutual funds can be bought anytime.
- ETFs typically track an index and are passively managed, while mutual funds are often actively managed.
- Mutual funds are always cheaper than ETFs.
- ETFs cannot be sold in the market.
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Question 2 of 3

2. Question
Why is it important to consider expense ratios when investing in funds?
- Lower expense ratios can significantly impact long-term investment returns.
- Expense ratios determine the color of the fund's brochure.
- High expense ratios guarantee higher returns.
- Expense ratios are irrelevant to fund performance.
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Question 3 of 3

3. Question
What should an investor consider if they want a fund that closely follows the performance of the S&P/TSX Composite Index or the S&P 500?
- An actively managed mutual fund specializing in international stocks.
- A passively managed ETF that tracks the S&P/TSX Composite Index or the S&P 500.
- A mutual fund with the highest expense ratio.
- Any ETF, as they all track the S&P/TSX Composite Index or the S&P 500.
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