STOP BAD-MOUTHING THE INDEX FUNDS!

SURE, THEY'RE FAT WITH MONEY, BUT THAT DOESN'T PUT THEM IN ANY SPECIAL PERIL

It's hard to imagine controversy over stock-index funds, investments so sensible and pure that they are practically motherhood on Wall Street. The problem, it seems, is that this particular mother has consumed a few too many bonbons and grown to a crushing weight. Money has been flowing into stock-index funds in torrents in recent years as investors have caught on to their appeal: index funds cost little to run, compared to actively managed funds, so more of the profits are passed on to investors. Index funds are also easy to track since they move in near perfect tandem with popular indexes...

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