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2016-01-04 04:47:17 Post No. 1024480
Post No. 1024480
First and foremost, I apoligize if i sound like a total fucking idiot, but my hours of research had led to no answer, and i'm starting to get irritated, I started getting interested in investing about two weeks and have been studying through beginner finance books, the WSJ, and Investopedia. Anyway....
What exactly is an E-mini???
I know that its a futures contract based on the index it supports, and I understand most of the other basics around it. What I want to know is- Is the E-mini managed? Who determines the futures contract every quarter? I know that I can buy shares of the E-mini and trade it like stock, which means it has to be a fund of sort, but how in the god damn hell is it managed? Also, I read that it's funded by futures contracts supporting the opposite view. Is it an individual futures contract or is it a collection of futures contracts that include securities within the index?
From my understanding the E-Mini is just a very large Futures Contract on the value of the corresponding index and you can trade shares of it.