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In finance, an index is a statistical measure or indicator. Similarly, an index fund is a fund that builds its investment portfolios around a financial market index. Thus, the index fund mimics the composition of the financial market index it tracks.  For instance, if stock A makes up 2% of the Nairobi Stock Exchange (NSE), any fund that tracks the NSE will mimic that composition and ensure that stock A makes up 2% of its...