
What Is an Index Fund? How It Works and Why Investors Use It
An index fund tracks a market index like the S&P 500, giving you exposure to hundreds of companies in one investment. Lower fees, broad diversification, and no need to pick individual stocks.
Worth understanding as Backpack brings real stock and ETF trading with liquidity straight from traditional financial venues.
Full guide here: https://learn.backpack.exchange/articles/what-is-an-index-fund