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ETF basics

What ETFs are & how they work

Start here: what an ETF actually is, the main types, and how they work under the hood.

In short

An ETF is a single investment you buy like a share, but it holds many companies or bonds at once — so one purchase spreads your money across a whole market instead of a single stock. Most beginners start with a broad, low-cost index ETF.

Start here

What is an ETF? A 2-minute beginner’s explainer

An ETF lets you buy a tiny slice of hundreds of companies at once, in a single trade. Here is the whole idea, simply.

More in ETF basics

Read them in any order — each one takes a few minutes.

ETF vs Mutual Fund: What Is the Difference?

Both let you buy a basket of investments in one go, but one trades all day like a share and the other is priced just once a day.

Read → · 2 min

What is an index, and why do so many ETFs just track one?

Most popular ETFs do not try to beat the market — they copy it. Here is why that is often a feature, not a flaw.

Read → · 2 min

Accumulating vs distributing ETFs: what is the difference?

The same fund often comes in two versions that handle your dividends differently. Here is which does what.

Read → · 2 min

Physical vs Synthetic ETFs: What’s the Difference?

A physical fund actually buys the shares; a synthetic one makes a deal with a bank to copy them — here’s what that swap really means for you.

Read → · 3 min

What is a UCITS ETF? (and why most European ETFs are one)

UCITS is a European rulebook that most ETFs sold in Europe follow. Here is what it means for you, without the jargon.

Read → · 2 min

How an ETF actually works under the hood

How does an ETF stay glued to the value of what it holds, and how does the provider get paid? A peek under the bonnet — no jargon, no maths degree required.

Read → · 2 min

Who makes the indexes? MSCI, FTSE and friends explained

Your ETF tracks an index — but who builds the index? A handful of companies write the rulebooks, and their choices quietly shape what your fund actually holds.

Read → · 2 min

Fund structure for comparison shoppers: share classes, replication and why ‘identical’ funds aren’t

Two funds tracking the exact same index from different issuers can still differ in real, structural ways — here’s what to actually check before assuming ‘identical’ means interchangeable.

Read → · 3 min

Common questions

Is an ETF the same as a stock?

No. A stock is one company; an ETF is a basket that can hold hundreds of them in a single purchase — that spread is the whole point.

Do I need a lot of money to start?

Not really. Many ETFs cost tens of euros per share, and a savings plan lets you put in small amounts each month.

Are an ETF and an index fund the same thing?

Almost. An index ETF trades on an exchange like a share; a traditional index fund is bought from the provider and priced once a day.

Key terms on this page

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Finance Hamster provides educational information about ETFs and investing. It is not investment, tax, or legal advice, and not a recommendation to buy or sell any security. Markets carry risk; do your own research or consult a licensed adviser.