When Wall Street professionals talk about cheap investments, they don’t mean low-priced securities. Cheap in investment industry jargon refers to the value of a security relative to its fundamentals, its peers, the market, and its prospects for future revenue, earnings and growth.
Exchange-traded funds, or ETFs, are popular investment vehicles because they provide investors with professional management and a high level of diversification. They can have dozens of stocks or bonds in their portfolios, but they trade on major exchanges every business day just like individual stocks.
We looked at the universe of ETFs and compiled this list of eight cheap ETFs you should think about buying now.
This post originally appeared at U.S. News & World Report.