The fixed, large block of ETF shares, set by the fund, in which shares are created or redeemed with authorized participants. Investors trading on an exchange can buy or sell any number of shares; creation units apply only to the primary market.
Covered in: ETF Market Structure Explained (book) · How ETFs Actually Trade (book)
Related terms
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This material is provided for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security.
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