12th Dec 2009 by Daniel Cross, ChFC
Index funds are designed to follow an existing index such as the Nasdaq or the S&P 500. As the index rises or falls, the fund follows suit. There are as many index funds as indexes available. Other than the main ones, there are funds that follow anything from gold to energy and everything in between.
Like This Answer?
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com