Index Definition

Index Definition: A benchmark used in executing investment strategy which is viewed as an independent representation of market performance. An index implicitly assumes cost-free transactions; some assume reinvestment of income.

Endowment Funds

Those funds that have been given to the state held in perpetual trust, the investment of which is made on behalf of designated beneficiaries. Composed primarily of proceeds from sales of donated land, only interest earned can be deemed expendable Read more…