: Priced only once per day after the market closes. All orders submitted during the day are executed at the same Net Asset Value (NAV) , regardless of whether you placed the order at 10:00 a.m. or 3:00 p.m.. 2. Tax Efficiency: The "In-Kind" Advantage
: Trade like stocks on an exchange throughout the day. Their prices fluctuate in real-time based on supply and demand, allowing you to use advanced orders like limit orders or stop-losses . should i buy etf or mutual fund
For investors using taxable brokerage accounts, ETFs generally offer a significant tax edge due to their unique "in-kind" creation and redemption process. ETF versus Mutual Fund Taxes - Fidelity Investments : Priced only once per day after the market closes