WordVale

index fund

a fund that passively tracks a market index

In Banking & Finance

In more detail

a mutual fund or investment fund that tracks a specific market index, such as the S&P 500, by holding the same stocks or bonds in the same proportions as that index

Examples

• Many people invest in an index fund because it offers low fees and steady long-term growth.

Nearby in Banking & Finance

fiscal policy, monetary policy, hedge fund, inflation, interest, invoice