TGA Capital Management ETF Educational Guide

ETFs combine some of the features of both mutual funds and individual stocks and yet, there are many unique features of an ETF. This brochure will give you a good understanding of the mechanics behind how an ETF operates, such as the creation/redemption process of an ETF's shares, the differences in pricing and liquidity between an ETF and an individual stock, and an overview of the many shareholder benefits of using ETFs, such as transparency, trading flexibility and tax efficiency.