The type of mutual fund that is unmanaged is called a(n) ____ fund.

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An index fund is an unmanaged mutual fund that aims to replicate the performance of a specific market index, such as the S&P 500. The fund manager does not actively select individual stocks to include in the fund but rather buys all the stocks in the index in the same proportion as they are listed on the index. This means that the investment returns of an index fund will closely mimic the performance of the underlying index.

The Type of Mutual Fund That Is Unmanaged Is Called