[DoubleK]

Originally Posted by heep223

As Slava points out, an index fund is simply a strategy that is tracking an index such as the S&P/Tsx composite.

True

Originally Posted by heep223

This is typically associated with ETFs which are more passive by nature (not all though), but could be in a mutual fund structure.

Not True

Originally Posted by heep223

Indexes are rules-based, so there is no portfolio manager making decisions on what to buy and sell. Hence why they are cheaper. Most of the research shows that most active portfolio managers can't outperform the index anyways, so you're paying more for worse performance. Though this is a generalization.

Somewhat true, though this is a generalization.