The Nigerian stock market has seen a remarkable rally in recent weeks, and for investors with little know-how, Exchange Traded Funds (ETFs) are the easiest way to participate.
ETFs (Exchange Traded Funds) are exactly as the name implies: funds that trade on exchanges, generally tracking a specific index.
When you invest in an ETF, you get a bundle of assets you can buy and sell during market hours. Instead of buying individual stocks, bonds, or commodities, you buy one unit that tracks an index or sector.