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They're a fund of funds but not an index of indexes. An index of indexes would be composed of indexes weighted by how much money is invested in each. Vanguard's
by cesarbs 10y ago
They're a fund of funds but not an index of indexes. An index of indexes would be composed of indexes weighted by how much money is invested in each. Vanguard's LifeStrategy funds have fixed allocations to each underlying fund.
- nicky0 10y agoUseful to know, thanks for the correction.