Answer: index funds
Step-by-step explanation:
The implication of efficient capital markets and a lack of superior analysts have led to the introduction of index fund.
Capital market is a market whereby the buyers and sellers have to engage in the trading of financial securities such as stocks, bonds, etc.
An index fund is simply a form of mutual fund that has a portfolio that was constructed in order to track and also match components of the index of the financial market. An index fund provide low operating expenses, broad market exposure, and low portfolio turnover.