An Exchange Traded Fund (ETF) is a combination of the best
features of conventional investment funds and individual stocks.
ETF aims to track the performance of a specific market
index. If, for example, the Ukrainian equities index of the Ukrainian Stock
Exchange grows by 30%, the ETF which tracks the index must also grow by 30%
ETFs are characterised with high liquidity. The fund’s
certificates are freely traded on the order-driven market, enabling investors to
buy and sell them on a stock exchange even intraday.