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Username: LuckyMan Rating:  Asked to: Dara Madee Date Created: 14 Mar 2016 |
| Category | 28 |
| Tag | Financial |
| Question | What is an 'Index Fund'? |
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Hello LuckyMan, An index fund is a type of mutual fund with a portfolio constructed to match or track the components of a market index, such as the Standard & Poor's 500 Index (S&P 500). An index mutual fund is said to provide broad market exposure, low operating expenses and low portfolio turnover. |
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