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a) Explain the main features of exchange traded funds, including the creation/redemption process. b) What are the advantages of an ETF relative to open-end and
a) Explain the main features of exchange traded funds, including the creation/redemption process.
b) What are the advantages of an ETF relative to open-end and closed-end investment companies?
c) Explain what is meant when exchange traded funds are said to be actively managed funds.
d) Explain the role of the authorized participant in an ETF.
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