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I make it a point of never investing in a fund that tracks an index developed by the fund company. IMHO the index thus becomes a marketing thing for the fund, not a benchmarking measure to track -- which I don't care about either.
IE: the ABC "Global MLP Fund" that tracks the "ABC/Global MLP Index" .... no thanks.
I'm not familiar with index or ETF type investments.
However, isn't this statement a bit like saying that there are more words in the English language than there are letters in the alphabet? Seems (on the surface at least) that various equities, bonds and futures contracts could be assembled into a nearly infinite variety of hybrid indexes and than sold to a willing public.
Comments
Derf
I make it a point of never investing in a fund that tracks an index developed by the fund company. IMHO the index thus becomes a marketing thing for the fund, not a benchmarking measure to track -- which I don't care about either.
IE: the ABC "Global MLP Fund" that tracks the "ABC/Global MLP Index" .... no thanks.
Regards,
Ted
BlackRock ETFs:
http://www.etf.com/channels/blackrock-etfs
However, isn't this statement a bit like saying that there are more words in the English language than there are letters in the alphabet? Seems (on the surface at least) that various equities, bonds and futures contracts could be assembled into a nearly infinite variety of hybrid indexes and than sold to a willing public.