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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What is an index fund?

To determine

The concept of index fund needs to be determined.

Explanation

Index fund is a kind of mutual fund designed to follow certain predetermined rules so that funds can track a specified set of trend. Here, investor needs not to worry and analyze the stocks. Their investment will go with the trend. The main index fund in U.S. is S&P 500 is based on rules established by S&P Dow Jones Indices...

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