The MSCI EAFE index consists of stocks from companies from 22 developed markets (not including those in North America) to measure international equity market performance. The index is considered the oldest truly international stock index, as it has been calculated since 1969. Many foreign stock funds arer compared against the MSCI EAFE.
You are thinking about investing in a mutual fund. You decide to invest in the iShares MSCI EAFE Index fund (with the stock market ticker symbol of EFA), which mimics the MSCI EAFE.
What is the iShares MSCI EAFE Index fund (select all answers that apply)?
- The Environmental Defense Fund
- The International Monetary Fund
-The United Nations Population Fund
-An active fund
-A litigation fund
-A passive fund