What are exchange-traded mutual funds (eTMFs)?
As an inquisitive investor with a keen interest in financial markets, I'm curious to understand the intricacies of exchange-traded mutual funds (eTMFs). Could you please elaborate on their CORE characteristics and how they differ from traditional mutual funds? Are they listed on stock exchanges? What are the benefits of investing in eTMFs? Do they offer the same diversification benefits as traditional mutual funds? Additionally, how do their pricing mechanisms work, and are there any specific risks associated with investing in eTMFs that investors should be aware of?