Optimized Portfolio as Listed Securities - OPALS
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Definition of 'Optimized Portfolio as Listed Securities - OPALS'
A portfolio of securities used to closely track an index without the exposure of purchasing all securities within that index.
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Investopedia explains 'Optimized Portfolio as Listed Securities - OPALS'
OPALS are similar to ETFs and are generally used by large institutional investors because there are usually minimum requirements associated with them.
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