Nationwide S&P 500 Index Fund (GRMIX)
Nationwide S&P 500 Index Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Columbus, OH, US. The stock last traded at $34.88, down 0.34% on the session, giving a market capitalisation of $1.83B. Its beta of 1.00 implies it has historically moved more than the broad market.
The Nationwide S&P 500 Index Fund utilizes a passive investment strategy, often referred to as indexing. Its main goal is to closely track the performance of the S&P 500 Index, before factoring in its own operating costs. The S&P 500 Index itself is composed of roughly 500 stocks from major U.S. companies across a diverse range of business sectors. However, this fund isn't required to invest in every single security within the S&P 500, nor does it necessarily replicate the exact market capitalization weightings of each company in the index.
Nationwide S&P 500 Index Fund is most often compared with the following Financial Services names: