ETFs are open-ended index tracking funds listed and traded on exchanges like shares.  They allow investors to gain exposure to a diverse range of assets and offer simple and efficient access to developed and emerging markets, corporate and government bonds and other asset classes.  By trading a single share, users can effectively gain access to an entire index without the burden of investing in each of the constituent stocks making ETFs a highly efficient and cost effective investment tool.

 ETFs offer the key advantages of an exchange-traded product:

•  Transparency - ETFs are supported by dedicated market makers who quote tradeable prices throughout the trading day
•  Security - all contracts are cleared through the central counterparty