Smart Baskets are a new feature that simplifies investing by allowing users to buy diversified baskets of securities or ETFs with a single order, rather than having to execute multiple trades individually. These pre-packaged orders are designed based on various investment attributes of the constituent securities, such as geographic and industry exposure, historical dividend yield, and historical capital appreciation.
It's important to note that each Smart Basket consists of several individual orders for ease of execution and should not be considered a managed discretionary account or a managed investment scheme.