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Step 6: Style Drifters

rather dismal to begin with, the true percentage is much lower because we are only looking at funds that survived for the last 20 years. An investor who chose a tactical allocation fund 20 years ago had a very small chance of both keeping the same fund and beating a risk-appropriate allocation of index funds.

Solutions Style Purity Index funds are created according to specific criteria, and in accordance with an index, allowing for accurate tracking and prevention of style drift. Figure 6-8 shows the style purity of an S&P 500 Index Fund over a 32-year period. In contrast to Figure 6-8

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