Passive funds are schemes that track a benchmark index and try to mimic its performance. They include passive index funds, exchange-traded funds (ETFs), and fund of funds (FoF) that could invest in ETFs. These funds follow a benchmark and aim to deliver returns in tandem with the benchmark, subject to expense ratio and tracking errors.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created