Investment Vehicle Attributes

by Charles Rotblut, CFA

Investment Vehicle Attributes Splash image

Applying portfolio concepts to the actual selection of investments requires not only understanding the characteristics of each asset class, but also the vehicles that comprise the actual investment. In this month’s column, I discuss the characteristics of five types of investment vehicles you may consider using: individual securities, mutual funds, exchange-traded funds (ETFs), closed-end funds and annuities.

To be clear, an asset class and an investment vehicle are not the same thing. An asset class is a broad category of investments and securities with similar characteristics. An investment vehicle is a means for investing in a particular asset class. For example,

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Charles Rotblut, CFA is a vice president at AAII and editor of the AAII Journal. Follow him on Twitter at


James Jennings from Virginia posted about 1 year ago:

Won't you come with me Lucille,
in my merry investment vehicle....

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