ETF or Exchange Trade Fund or what we usually call as ETP or Exchange Traded Product is one of the investment type on stock exchange. Well, we can say that the concept is similar with stock, but the main function of ETF is keeping assets like commodities, bond and trade, and stock. ETF is covering transaction of asset that uses unit investment trust concept.
Exchange traded fund is divided into several types like Index ETFs, commodity ETFs, Bond ETFs, currency ETFs, actively managed ETFs, Exchange- traded grantor trusts, and leveraged ETFs. ETF is different from the other mutual funds like taxes, trades or costs.
In 2006, Market Vectors Gold Miners ETF was started to join the American Stock Exchange. They join the stock exchange under GDX symbol. Well, actually many people were expecting one of this EFTs to join the stock exchange before 2006, but it seemed that Van Eck, the Market Vectors Gold Miners ETF fund management decided to emphasize in the market development and their asset, so the will be a strong company when they joined stock exchange. Find more info about exchange traded funds and Market Vectors Gold Miners ETF on Wikinvest.com. Complete information and latest exchange news are available on the website.