来自《耶鲁大学开放课程：金融市场 第18集 第18集》
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They must be in one of these other categories up there.他应该属于这里其中一个分类 -
Exchange Traded Funds are different than a mutual fund in thatETF和共同基金不同 -
they are traded on a stock exchange.它在证券交易所上市交易 -
The first Exchange Traded Fund was a company called the SPDR--第一支ETF叫做SPDR -
that's Standard and Poor's Depository Receipt.标准普尔存托凭证 -
But now, there is a proliferation of Exchange Traded Funds.现在ETF有了更多的种类 -
What is an Exchange Traded Fund?ETF是什么呢 -
Exchanged Traded Fund is epitomized by the--概括的说 ETF就是 -
this is the S&P 500--标准普尔500 -
it's a portfolio that is managed according to rules;ETF是一个投资组合 它的管理遵循一定的规则 -
it's not judgmental.不受主观影响 -
You cannot call up the Exchange Traded Fund你不能打电话给ETF说