Go International in Your Mutual Fund Investment
A retail investor is bemused when he hears Dow Jones, NASDAQ or Nikkei. Dow Jones Industrial Average (DJIA) is an index that tracks 30-large, publicly-owned companies trading on the New York Stock Exchange (NYSE) and the NASDAQ. The DJIA, commonly referred to as Dow Jones, gets its name from Charles Dow, who created it in 1896, and his business partner, Edward Jones. Originally, NASDAQ was an acronym for the National Association of Securities Dealers Automated Quotations. It is now the second-largest stock exchange in the world by market capitalization, behind only NYSE. NASDAQ Composite is the stock market index of the common stocks and securities listed on the NASDAQ stock market. It is one of the three most-followed indices in US stock markets, the others being the Dow Jones Average and Standard &Poor (S&P) 500. Closer home in Asia, the SSE Composite Index is also known as SSE Index is a stock market index of all stocks that trade at the Shanghai Stock Exchange. Nikk...