- CFA Exams
- CFA Exam: Level I 2021
- Study Session 18. Portfolio Management (1)
- Reading 51. Portfolio Management: An Overview
- Subject 4. Pooled Investments
CFA Practice Question
ETFs are created by ______.
B. public investors
C. fund sponsors
A. institutional investors
B. public investors
C. fund sponsors
Correct Answer: C
Fund sponsors determine which securities are to be included and issue shares to institutional investors, which then sell shares to public investors.
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