eToro adds three new data resources to ETF pages on its platform
Online broker eToro has just made investing in ETFs more accessible.
The brokerage has announced three new data resources that are now on all ETF pages on its platform. These data points give traders a load of valuable information and help simplify the world of ETFs.
The three new data insights are: Expense Ratio, Prospectus Link and Annualized Return Chart. These three points are visible on the Stats tab of any ETF.
- Expense Ratio
It is the yearly cost you pay for owning a mutual fund or ETF. It is shown as a percentage of the fund’s assets.
It helps you figure out how much the fund is going to cost you and compare different options easily.
Understand how fees affect your returns, which is helpful when making investment decisions.
Lower expense ratios usually mean higher net returns in the long run.
- Prospectus Link
An ETF prospectus is a helpful document provided by the company offering the ETF (Exchange-Traded Fund). It contains important information that potential investors should know.
If you click on the link, you’ll find details about the investment objectives, strategies, risks, expenses, and other relevant information on the ETF. It is prudent for investors to review the prospectus carefully. By doing so, you can understand the ETF’s investment approach, the risks involved, and the costs associated with it. This knowledge will empower you to make well-informed investment decisions.
- Annualized Return Chart
An ETF annualized return table displays the historical annual returns of an ETF over different time periods. It helps investors:
- Evaluate the fund’s past performance
- Compare it with benchmarks or peers
- Identify trends
- Set investment expectations
It is a valuable tool for assessing ETF performance and guiding your investment choices.