An unmanaged portfolio that tracks the stock markets for a particular country. For example, a country basket may contain all stocks traded on every major stock market in Italy. The company managing the country basket issues shares in this portfolio; these shares may be traded as if they were stocks. Most country baskets are traded on the New York Stock Exchange. See also: iShare, Closed-end investment company, Index fund.
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An unmanaged single-country index portfolio designed to mimic the equity market of that particular country. Country Baskets trade on the New York Stock Exchange. Compare iShares.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.