The simplicity of a value-weightedindex has to be replaced by a set of complex rules.
简单的市值加权指数已经被一系列复杂的规则所代替。
2
Only up to a point. Conventional index-tracking has a logical advantage on its side: a value-weightedindex represents, by definition, the performance of all investors.
A similar philosophy lies behind the approach of Intech, a fund-management group which has constructed an "alpha capture" index that combines a value-weightedindex with an equally-weighted approach.