Series 7 Exam Prep 39, ETFs, Closed-End Funds, and UITs
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - That ETFs and Closed-End Funds trade intraday on exchanges, unlike mutual funds which price once daily at NAV. - Why an ETF's price stays close to its NAV due to the creation and redemption process by authorized participants. - How Closed-End Funds have a fixed…
The skinny
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