Note: This article is courtesy of Iris.xyz
By Shundrawn A. Thomas
Exchange traded funds (ETFs) and mutual funds can accurately be characterized as “sister” investment products because of their many similarities:
Both are basically baskets of investments and offer a diverse range of investment types and strategies;
Because a single fund can hold hundreds of individual stocks, bonds or other types of investment instruments, both ETFs and mutual funds can help mitigate investment risk; and