Which statement best describes ETF versus traditional mutual funds in terms of fees and trading?

• A. ETFs require minimum investments higher than mutual funds
• B. ETFs have higher fees and are only active managed
• C. Mutual funds trade on exchanges; ETFs do not track assets
• D. ETFs typically have lower fees and offer intraday trading, while mutual funds trade at end-of-day prices; both track assets

Answer: (D)