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Issues, 25 July 2012, http://www.esma.europa.eu/system/files/2012-474.pdf, p.Liquidity in this case simply means that you can buy or sell at the end of the trading day at the fund’s net asset value.
ETFs versus conventional index shares:. A potentially wonderful tool that can save you a lot of money and help you get a good foundation underneath you. Once you are wealthy enough to have some real money behind you, consider bypassing the pooled structure entirely and owning the underlying components. Beyond that, index funds are neither friend nor foe, virtuous nor evil. They are a tool. Nothing more, nothing less. Use them when it suits you and is to your advantage, avoid them when they don't and aren't.Martin J.
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