Generally, however, they charge higher fees than index funds and historically have not performed as well.

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Vanguard announced earlier this year that its Vanguard 500 Index ETF will charge only a .05% fee.

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Index funds track the performance of markets and charge very low fees.

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"We are expecting a further correction in prices in the next couple of years, " said Mr. Loizou, who is in charge of the surveyor group's property price and rental index.

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Some citizens alleged that the ink applied to a voter's index finger to safeguard against repeat voting could be scrubbed off, a charge the Election Commission denied.

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Over its 2.7 years, his new charge provided an annualized return of 14.4% vs. 10.1% for the Russell 2000 index of smaller companies.

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