<span> loose confederacy rather than a single unified entity</span>
Index funds<span> are a type of </span>mutual fund<span>. </span>Mutual funds<span> may be actively or passively</span>managed<span>. an actively </span>managed mutual fund<span> attempts to apply discretion to choose a basket of stocks that collectively outperform the market or their relevant benchmark. ... Most ETFs are exchange traded versions of </span>index funds<span>.</span>
