help choose an index fund


S

S. S.

hello, listers,

i want to choose an index fund as the core for my retirement
investment plan. between "CREF Equity Index" and "Scudder Equity 500
Index" which one should i choose? i also have quite a few options from
fidelity, but i cannot figure out what its index fund is called. can
you point out to me a fidelity fund that is comparable to "CREF Equity
Index" and/or "Scudder Equity 500 Index"? thank you!
 
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R

Richard McBane

S. S. said:
hello, listers,

i want to choose an index fund as the core for my retirement
investment plan. between "CREF Equity Index" and "Scudder Equity 500
Index" which one should i choose? i also have quite a few options from
fidelity, but i cannot figure out what its index fund is called. can
you point out to me a fidelity fund that is comparable to "CREF Equity
Index" and/or "Scudder Equity 500 Index"? thank you!
According to TIAA-CREF:
"The CREF Equity Index Account is a highly diversified portfolio
designed to track the overall U.S. stock market as represented by the
Russell 3000® Index."

According to Scudder their Equity 500 Index:
"Seeks to match as closely as possible, before expenses, the performance
of the Standard & Poor's 500 Composite Stock Price Index (S&P 500 index)"

So these two funds have slightly different objectives in that the CREF
fund invests in a larger market than the Scudder fund.

If you type "Index fund" into the search box at:
https://www.fidelity.com/ then click on link to Fidelity Index funds you
can get a list of their funds and performance.

Spartan 500 Index Fund is probably closest to the Scudder Equity 500 Index.

I don't see a Fidelity fund that corresponds to the CREF fund, but the
Spartan Total Market Index Fund is probably closest. The difference is
that it is based on the Wilshire 5000 Total Market Index instead of the
Russell 3000.

In comparing funds, in addition to objectives, you should consider
performance, expense ratios, the fund manager(s) and their performance
of this fund and prior funds. And probably a few other things that
other will mention.
 
R

Ron Peterson

S. S. said:
i want to choose an index fund as the core for my retirement
investment plan. between "CREF Equity Index" and "Scudder Equity 500
Index" which one should i choose? i also have quite a few options from
fidelity, but i cannot figure out what its index fund is called. can
you point out to me a fidelity fund that is comparable to "CREF Equity
Index" and/or "Scudder Equity 500 Index"? thank you!
Fidelity Spartan 500 Index Fund seeks results corresponding with the
total return of common stocks represented by the S&P 500 index.
 
F

FranksPlace2

As pointed out above, you should consider performance and expense
ratios. Fidelity focuses on managed funds and may not be the best
choice for an index fund. Vanguard has a low expense ratio and their
S&P 500 Index fund is the largest mutual fund.

Frank
 
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E

Ed

FranksPlace2 said:
As pointed out above, you should consider performance and expense
ratios. Fidelity focuses on managed funds and may not be the best
choice for an index fund. Vanguard has a low expense ratio and their
S&P 500 Index fund is the largest mutual fund.

Frank
Fidelity and Vanguard have about the same expenses. What could be so
different? Fidelity is bigger than Vanguard and they have been around
longer.
 

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