1.   Because they trade like stocks, investors can complete a trade, and lock in a price, whenever the exchange is open.

2.   Because these securities trade like stocks, investors may buy at any time, use a discount brokerage and perhaps pay less than the offering price.

3.   A closed-end fund raises money and then issues shares that are traded like the stock of a company.

4.   ADRs trade like any other U.S. security in the over-the-counter market or on a national exchange, and are priced and pay dividends in dollars.

5.   But unlike an index fund, WEBS are traded just like an individual stock and may be purchased through a broker.

6.   Closed-end funds trade like stocks on exchanges.

7.   Closed-end funds issue a set number of shares that trade like those of ordinary companies.

8.   Diamonds will trade like shares of common stock on the floor of the Amex under the ticker symbol DIA.

9.   ETFs are similar to mutual funds, except they trade like stocks.

10.   For the most part, the funds buy real estate investment trusts, which trade like stocks but are usually pools of mortgages.