Nathan Fuller is buying shares in a mutual fund that invests in the same companies as those found in the Standard & Poor's 500.What type of mutual fund is he buying?

Question

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Nathan Fuller is buying an index fund because this type of mutual fund is designed to replicate the performance of a specific index, in this case, the Standard & Poor's 500, which includes 500 of the largest companies listed on stock exchanges in the United States.

Nathan Fuller Is Buying Shares in a Mutual Fund That