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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Once an account balance reached $2,500, the worker could invest in a range of mutual funds that replicated several broad-based indices of securities and did not involve high investor risks.
Identify accurate tax treatment of options on broad-based indices and exchange traded funds (ETFs);
Schwab will focus principally on enhanced investment strategies in the commodities area, including transactions relating to the major broad-based indices, such as the Dow Jones-AIG Commodity Index, as well as the sub-indices and individual underlying commodities.
s success was a key factor in why the AMEX Composite led every other domestic exchange and most other broad-based indices in 2000," said Salvatore Sodano, AMEX chairman and chief executive officer.