index fund

noun

a fund, as a mutual fund or pension fund, with a portfolio that contains many of the securities listed in a major stock index in order to match the performance of the stock market generally.

First recorded in 1975–80

I plan to invest in an index fund or something aggressive since I have lots of time.

I recommend you allocate 30% to a broad international stock fund, and 70% in a broad US index fund, such as an S&P500 fund.

Putting all that money into a plain-vanilla S&P 500 index fund would have lost us just 4.4 percent during that time.

April 23, 2024inveterate

[in-vet-er-it ]

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