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An index fund (also index tracker) is a mutual fund or exchange-traded fund (ETF) designed to follow certain preset rules so that it can replicate the performance ("track") of a specified basket of underlying investments. [1]
Types of Index Funds. There are a few different types of index funds. Stock Index Funds. Stock index funds track the performance of stock market indexes like the S&P 500 or the NASDAQ Composite.
AMG Data Services - U.S. based mutual fund flows data provider [4] Globe and Mail Mutual Fund Database - tracker of Canadian mutual fund performance [ 5 ] Lipper provides retirement plan analysis and reporting tools for financial advisors and research from its offices in the Americas, Europe, Asia and the Middle East.
This is a table of notable American exchange-traded funds, or ETFs.As of 2020, the number of exchange-traded funds worldwide was over 7,600, [1] representing about 7.74 trillion U.S. dollars in assets. [2]
1. Stock funds. These mutual funds primarily focus on stocks. They aim to achieve higher profits by investing in hundreds or even thousands of stocks at the same time.
SoFi was founded in 2011 as a student loan refinancing company. In 2019, SoFi — , short for Social Finance — expanded into investment services, offering a user-friendly platform to new investors.
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