Trade funds with ETFs in real time

An exchange-traded fund (ETF) is a basket of securities that trades on an exchange just like a stock does. ETfs often track the performance of an underlying market index, such as the S&P 500, by holding a collection of stocks, bonds, or other securities in one fund.

ETFs track the performance of an underlying market index, such as the S&P 500. Investors don't own individual stocks. They hold a collection of stocks, bonds or other securities in one fund or have exposure to a single stock or bond through a single-security ETF. Instead, ETFs provide them with the opportunity to buy and sell shares of the ETF on an exchange and to benefit from potential market performance. 

You can open a brokerage account with J.P. Morgan's Self-Directed Investing tool. If you prefer a more personalized experience, you can work directly with a J.P. Morgan Advisor to go over your investment options. Get started here.

ETFs have fees but they tend to cost less than those associated with mutual funds. The two most common costs associated with ETFs are the expense ratio, the fee that goes to the fund and the brokerage fee, a flat cost per trade that goes to the financial institution. J.P. Morgan offers unlimited commission-free trades and ETFs do not require a brokerage fee.

ETFs tend to be more tax-efficient than mutual funds. For example, if you compare an ETF and a mutual fund in the technology sector, the ETF is generally more tax-efficient. Meet with a J.P. Morgan Advisor who will answer your questions about your investment strategy and speak to you tax professional about your tax situation.