That's because the managers of active stock funds have raised their cash levels to an average of nearly 6% of assets, while index funds always keep all their assets in the market.

这是因为活跃的股票型基金的经理已经将从总资产中提出了6%的现金流，而指数基金的所有资产仍然在市场上。

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The widely followed MSCI emerging market index, which tracks emerging-markets shares, is up 60% this year, compared with a gain of 10% for the Dow Jones Industrial Average.

市场普遍关注的、跟踪新兴市场股市的摩根·士丹利资本国际新兴市场指数(MSCI Emerging Market Index)今年上涨了60%，而道琼斯工业股票平均价格指数涨幅仅为10%。

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The stock market went through the roof. From July 1982 through August 2000, the S&P 500 stock price index grew at an average annual real rate of over 12%.

从1982年7月到2000年8月，标普500股指以平均每年12%的速度增长。

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For comparison, the Dow Jones Industrial Average stock market index is up 6.37% for the first six months of 2011.

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This technique reduced the average market cap relative to the cap weighted index and helped boost the return.

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Analysts are more upbeat on companies in the Euro Stoxx 50, compared with the broader Stoxx Europe 600 index, because their bigger market capitalizations on average mean more exposure outside Europe.

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