"I own 1,249 companies." Do you, really?
An ETF is one fund you buy on the exchange, like a share.
Behind it sits a basket, held apart from the fund firm by a depositary. When buyers want more, a market maker asks the fund for new shares.
The basket copies an index, so big firms get more of your money.
In a €131 billion world ETF, the top 10 firms hold 27.78%: €28 of every €100 (justETF, 30 Sep 2026).
Did you know how much of your ETF sits in its top 10?
Education, not investment advice.