Lipper Indexes
A a series of indexes that tracks the financial performance of different types of mutual funds. Lipper, which is owned by Reuters, allows investors to benchmark the performance of a mutual fund investment against an index of thirty funds that also belong in that investment category. Investopedia Says:
Lipper creates indexes for each major investment style, such as small- or large-cap funds, value funds and growth funds. Much like the S&P 500 allows stock investors to compare their returns to a market benchmark, a Lipper index aggregates the 30 biggest funds of a given investment style.
For example, an investor could compare the performance of a small-cap mutual fund against the Lipper Small-Cap Index, which would combine the 30 biggest small-cap funds, based on asset size. Related Terms:
Benchmark
Dow Jones Industrial Average - DJIA
Index
Mutual Fund
Net Asset Value - NAV
Standard & Poor's 500 Index - S&P 500 |