An index fund or index tracker is a collective investment scheme (usually a mutual fund or exchange-traded fund) that aims to replicate the movements of an index of a specific financial market, or a set of rules of ownership that are held constant, regardless of market conditions. As of 2007, index funds made up over 11% of equity mutual fund assets in the US.
Read more about Index Fund: Tracking, Fees, Origins, Economic Theory, Diversification, Asset Allocation and Achieving Balance, Comparison of Index Funds With Index ETFs, U.S. Capital Gains Tax Considerations
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