Tracker Fund

This isn’t a fund for stalkers, or an investment vehicle that puts money into bloodhound breeding. Instead, it’s a fund meant to track some stock index.

You want to invest in the S&P 500. Instead of buying shares in 500 companies (which would be very expensive) or buying an ETF based on the S&P 500 (which would be too easy, apparently), you decide to go with an S&P 500 tracking fund. It's meant to mimic the action in the S&P 500. If the index rises 1.3% on a given day, the fund climbs 1.3% as well. If the S&P dips 0.7%, your fund falls 0.7%.

The fund tracks the index wherever it goes. Which we guess makes it a little like a stalker...but not a particularly creepy kind.

As for the bloodhound breeding...you'll have to go somewhere else for that.