An exchange-traded fund (ETF) is an investment vehicle that allows investors to buy an entire basket of securities through a single security. ETFs track and aim to repli- cate the returns of a particular stock market index, some of which are well known indices such as the S&P/TSX 60, while others are based on specific themes such as a specific geographic region or industry.

type The Material Change Report - September 2008 - Exchange-Traded Funds in a Nutshell