Date: Sun, 31 Dec 2006 06:17:49 -0600
From: Turtle 
Newsgroups: misc.invest.financial-plan
Subject: Re: Value or Growth Stock
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	rwX0lveh2OpUvotU2I4zbcrMMKeQKNMSA2ayuMGvAHiA9qpZ7o1jOw==
	=vrnK

Jose Bailen schrieb:
> Index funds are not inconsistent with EMH/getting a better return than
> the market average. It all depends on how you design the index. You may
> design a micro cap or small cap value indexed fund with higher return
> than the market average, even for these categories of assets. Of
> course, the drawback is that, in equilibrium, you have to accept higher
> volatility of the returns, i.e., higher risk.

I also dont think index funds are a guarantee for beter returns, rather 
more for protection (and the TER is much lower than normal funds)

Happy New Year,
John