Journal Of Indexes

The Case Against Indexing

Birinyi Associates studied the index fund phenomenon and found a lot to criticize in something so hugely successful.

Journal Of Indexes

This Index Is Wired

So maybe the Internet is the future (see lead story). But it's not the whole future. Wired magazine's editors have created their own 40-stock index intended to reflect their broader vision of the technological world and where it is headed. A considerable number of the index's constituents are in the computer and Internet industries, but companies like DaimlerChrysler AG and Walt Disney Co. firmly set it apart from the proliferation of indexes that focus strictly on the trendiest and highly volatile market sector.

Journal Of Indexes

S&P 500 Funds: Money Flows Out Even While They Grow

As big stocks soar ever higher, more money is drawn to mutual funds that mimic the performance of the Standard & Poor's 500-stock index. That money spurs the index's stocks higher, drawing in even more cash.

Or so the theory goes.

But according to Vanguard Group, the fund company that runs the Vanguard 500 Index Fund, which replicates the S&P 500, money is really going out of such investments, not in.