Yes, frankly though the acronym doesn't mean much and doesn't explain much of what it does. It became sort of the facto name for a stock that contains a tiny pi

Yes, frankly though the acronym doesn't mean much and doesn't explain much of what it does. It became sort of the facto name for a stock that contains a tiny piece of many stocks. Instead of buying 1 stock of Apple you buy one stock of an ETF that contains many stocks. For example this is the ETF I currently buy given by Italian investment account: iShares Core MSCI World UCITS ETF USD (Acc) - SWDA - AFF Acc=Accumulating large and mid-cap Benchmark MSCI World NR USD (NR= Net Return) ISIN IE00B4L5Y983 1,585 companies from 23 Developed Markets (DM) countries TOP 10 CONSTITUENTS APPLE 4.44% MICROSOFT 3.28% AMAZON 2.69% FACEBOOK 1.22% TESLA 1.16% ALPHABET C 1.08% ALPHABET A 1.08% JOHNSON & JOHNSON 0.85% JPMORGAN CHASE & CO 0.77% VISA A 0.64%