Well the idea is to beat the indexes on a net basis. The fees would be much lower (than 1.2%) because it would not be very active. It would be replicating the i

Well the idea is to beat the indexes on a net basis. The fees would be much lower (than 1.2%) because it would not be very active. It would be replicating the index (which lots of people can do fairly easily) but with a tweak or 2 like a slight change in weighting or trimming the 50 worst X or lopping off the 10 biggest caps. I've seen some back-testing on stuff like this that can get you that extra point or 2.