Exempt ETF definition
Exempt ETF means an Exchange Traded Fund that seeks to track a major market or commodity index. Determination as to whether an Exchange Traded Fund is an Exempt ETF is somewhat subjective but Employees may rely on the following guidance: Any ETF which seeks to track the performance (or multiple or inverse performance) of a major US market or index (for example but without limitation: the Nasdaq-100, DJIA, S&P (100, 250, midcap-400 or 500), any non-US market or any major commodity market (US or non-US), shall generally be considered an Exempt ETF.
Exempt ETF means an Exchange Traded Fund that seeks to mimic the investment