Broad-Based Index(redirected from Broad Based Indices)
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved