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**_ETFs_**, on the other hand, can be thought of as a hybrid. They're like index funds in that they often track an index, but they trade like individual stocks on a stock exchange. This means you can buy and sell ETF shares throughout the trading day, at market prices. ETFs can be structured as **_open-ended funds_** or **_unit investment trusts_**. One of the advantages of **_ETFs_** is that they can provide real-time pricing and intraday liquidity, which can be useful for investors who want more flexibility in their trading.
