Examlex
The EU applied its competition policy
Index Funds
Mutual funds or ETFs designed to replicate the performance of a specific market index, such as the S&P 500, by holding the same stocks in the same proportions.
Front-end Load
A charge or fee paid by an investor at the time of purchasing shares of a mutual fund or an investment, typically used to cover sales commissions.
Expense Ratio
The annual fee that all mutual funds and ETFs charge their shareholders, expressed as a percentage of the fund's average net assets.
NAV
Net Asset Value, the per-share value of a mutual fund or ETF, calculated by dividing the total value of all the securities in the portfolio, minus liabilities, by the number of shares outstanding.
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