investment fund which is designed to track the performance of a relevant index either by investing in the shares comuterising the index or by buying a sample of shares making up the index or a derivative based on the likely performance of the index.
[...] During the past few years many investors have been putting their money into index funds because they have concluded that it just isn’t worth the trouble and risk of trying to beat the market. As successful as this strategy is, there is an alternative investment that offers some advantages over index funds.[...]