A large number (about 25%) of long-term mutual funds are _____________ funds, buying securities in proportions similar to those of a major stock index.
A)small cap
B)large cap
C)fixed income
D)index

Question

Quizplus · Accepted Answer

Index funds aim to replicate the performance of a specific market index by buying securities in proportions similar to those of the index, making them a popular choice for long-term investments.

A Large Number (About 25%) of Long-Term Mutual Funds Are