[SIE] 31, Exchange-Traded Funds (ETFs)

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam exam. In this episode you will learn: - How ETFs are structured and trade intraday on exchanges like individual stocks. - The unique creation and redemption process involving Authorized Participants (APs). - The concept of "in-kind" transfers and why they are crucial to ETF operations. - The primary reason ETFs are generally more tax-efficient than mutual funds. - Common ways the SIE exam tests the differences between ETFs and mutual funds, especially on pricing and taxation. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818