Shmoop Finance

Make Moolah, Not War

Word of the day: MSCI

Finance: What's the Difference Between Mutual Funds and Index Funds?

The MS is "Morgan Stanley," and the "C" is "Capital," as in Capital Research, fund advisor to the American Funds mutual fund group. And yeah, the "I" there is "index."

The series of indices was created to track how well or poorly various funds were doing in these relatively arcane categories, as the mutual fund industry grew up and out and granularly global. See: Benchmark.

* Coming soon...ish