Pure index fund

Pure index fund

A portfolio that is managed so as to perfectly replicate the performance of the market portfolio.

Pure Index Fund

A portfolio or fund that is actively managed such that its return exactly matches the return of the broader market. For example, if the market portfolio (a hypothetical portfolio of all assets available to investors) returns 3% in a given year, a pure index fund also returns 3%.
References in periodicals archive ?
For a pure index fund, AS will be close to zero, as the weight of each asset in the fund portfolio equals the asset weight in the benchmark index.
5) Theoretically, AS for a pure index fund with very low tracking error should be close to zero.
However, we do not restrict our sample to pure index funds and ETFs, but also include enhanced index funds and closet indexers to construct a more complete measure of passive ownership.
Fidelity Magellan); and zero Active Share and zero tracking error are pure index funds (e.