First and foremost, what is ETF?
An Exchange-Traded Fund (ETF) is a type of investment product that owns and manages an underlying basket of assets (equities, bonds, commodities, derivatives, etc.) and divides the ownership of those assets into individual shares. You can buy one share of an ETF and own many stocks, bonds and other investments.
Typically, ETFs passively track a major market index such as the TSX Composite Index. A passive investme...