Choosing an index fund
An index fund tracks a market index and is usually low-cost and broadly diversified. Make your choice based on costs, diversification and your investment goal.
You will need
- Bank or investment service
- Time to compare
Steps
Understand index funds
An index fund buys the companies in the index in the same proportions as the index, and no fund manager picks the companies.
Choose a market
Compare costs
Check subscription and redemption fees
Choose growth or income units
Consider responsibility
Set up a monthly saving
Stick to your plan
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