noun
A financial product that is traded on stock exchanges like a stock, but represents a basket of assets. Often abbreviated as ETF.
上場投資信託は、株式と同じように証券取引所で売買できます。
Exchange-traded funds can be bought and sold on stock exchanges just like stocks.
投資信託 is a general investment trust, while 上場投資信託 specifically refers to those listed on an exchange.
Compound of 上場 (listing) + 投資 (investment) + 信託 (trust), directly translating the English term 'exchange-traded fund'.