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Aug 24 2005

Index Funds as Hedge Funds

John F. Wasik, of Bloomberg News, interviews Tom Muldowney, managing director of Savant Capital Management in Rockford, Ill., who says you can avoid the high costs of hedge-fund investing and lower your portfolio risk by holding no-frills index funds. Muldowney says you can achieve a return of about 7.8 percent (after expenses) by holding a low-cost mix of index funds in the allocations suggested in this article from the Seatle Times.

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