An index fund designed to mimic the performance of a market index such as the S&P/TSX 60 Index in which shares are priced and traded on public exchanges and the fund will buy or sell shares directly in large blocks is a(n):

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An exchange traded fund (ETF) is designed to track the performance of a specific index or benchmark, such as the S&P/TSX 60. ETFs trade on public exchanges, like individual stocks, and can be bought or sold throughout the trading day. ETFs are also known for their low fees and tax efficiency, making them a popular choice for investors seeking broad market exposure.

An Index Fund Designed to Mimic the Performance of a Market