Index-Trackers
Index-Trackers
Financial glossary
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Finance
Definition of index-trackers
Index-Trackers: These are funds which use computers to produce a performance as close as possible to a particular index of stocks. Also known as Tracker funds, they are hugely popular in the US and gaining in popularity here in the UK: Individual Savings Account (ISA): A new tax free investment and savings vehicle introduced by the Labor government to replace Personal Equity Plans and Tessa’s. You can put £7000 into the first ISAs, and thereafter £5000 a year. Investments which qualify for inclusion in an ISA are stocks and shares, bonds, cash, insurance policies and collective funds such as investment trusts and unit trusts. If anyone actually understands the "Maxi" ISA's please let me know: Inflation: A percentage measure of the amount by which the prices of goods and services rise in the economy, over a period of time, usually one year.
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