Index funds have gotten a lot more complex and varied since Jack Bogle created the first index fund back in 1976. They still offer the best way for a typical investor to achieve broad diversification across an asset class without having to spend very much on buying individual securities or paying the high fees associated with actively managed mutual funds. But investors can now use index funds to gain additional exposure to certain markets, sectors, or even investment styles.
Here are 10 types of index funds every investor should know about.
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