ETF Asset Class: Multi-Asset A multi-asset ETF is an exchange-traded fund that invests in a mix of asset classes, including stocks, bonds, and commodities. The goal of a multi-asset ETF is to provide investors with diversification and help them to manage risk. Multi-asset ETFs can be bought and sold like any other ETF, and they often have lower fees than traditional mutual funds. While multi-asset ETFs can help to diversify a portfolio, it is important to remember that they are not immune to market volatility. In fact, multi-asset ETFs can be more volatile than traditional stock or bond ETFs. As such, they may not be suitable for all investors. Before investing in a multi-asset ETF, it is important to understand the risks involved.