Broad-Based Index

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Broad-Based Index

An index that consists of many stocks or stocks in many different industries. Broad-based indices are not terribly useful in gauging the performance of individual industries, but help give an indication on movements in the broader economy. An example of a broad-based index is the Wilshire 5000. See also: Narrow-based.
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The S&P China 500 Index is one of the only broad-based indexes offering exposure to all Chinese equity share classes, listed both in Mainland China and internationally.
The IQ Alternative Beta Portfolio uses multiple hedge fund investing styles including long/short equity, global macro, market neutral, event-driven, fixed income arbitrage, and emerging markets to replicate as closely as possible the returns of the hedge fund universe as measured by such broad-based indexes as the CS/Tremont Blue Chip Index and the HFRX Global Hedge Fund Index.
WisdomTree's investment philosophy stems from its search for broad-based indexes that can potentially outperform market cap-weighted indexes with lower risk.
Broad-based indexes and broad-based ETFs which trade until 4:15 p.
The listing of the ISE 50 and 100 indexes, which join the ISE 250 Index as the exchange's latest broad-based indexes, are tangible proof of our dedication to bringing competition to index options trading," said Bruce D.