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AAFM GLO_CWM_LVL_1 Exam - Topic 9 Question 119 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 119
Topic #: 9

[All GLO_CWM_LVL_1 Questions]

Which of the following is not correct in relation to ETFs?

AETFs provide exposure to an Index or a basket of securities that trade on the exchange like a single stock

BETFs can be bought and sold on the exchange at prices that are usually closer to the actual intra --day NAV of the scheme

CETFs trade very close to their actual NAVs

DIntra Day trading of ETFs is very expensive

Show Suggested Answer

Suggested Answer: D

by Lilli at May 27, 2026, 06:12 PM

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Maurine

5 days ago

I think D is the odd one out. Intra-day trading isn't that expensive.

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Kenneth

10 days ago

ETFs do trade like stocks, that's true!

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Brandon

15 days ago

I'm a bit confused about the pricing of ETFs. I thought they traded at market prices, which can differ from NAV, but I can't remember if that makes D correct or not.

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Charlesetta

20 days ago

I practiced a question similar to this, and I think all the other options are true about ETFs.

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Glendora

25 days ago

I think option D might be the one that's not correct. I recall that intra-day trading can actually be quite efficient with ETFs.

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Nadine

1 month ago

I remember that ETFs usually trade close to their NAV, but I'm not sure about the costs associated with intra-day trading.

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