Funds that attempt to mirror the movements of existing broad market indicators are called

Question

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Index funds are specifically designed to mirror the movements of existing broad market indicators such as the S&P 500 or Dow Jones Industrial Average. Class funds and stock funds may also attempt to replicate market movements, but they may not have the same level of diversification as index funds. ETFs can track a variety of assets, including stocks, bonds, and commodities, so they may not necessarily focus on broad market indicators.

Funds That Attempt to Mirror the Movements of Existing Broad