ETFs are structured much like mutual funds, in that they hold an underlying basket of investments in which investors have proportional ownership stakes. But when it comes to buying and selling them, the strategies involved sometimes make them more akin to stocks.
If you held the fixed-income fund that had the worst performance in Canada over the last year, you’d likely be disappointed by its 3.4% loss. But you’d certainly be more upset if you held Canada’s worst performing high-yield bond fund (which lost 34.7%) or Canadian equity fund (down 45.4%). With these returns in mind, it […]