An Index Fund Designed to Mimic the Performance of a Market

Multiple Choice

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) :

A) exchange traded fund.
B) money market fund.
C) open-end fund.
D) closed-end fund.
E) hedge fund.