If you are an index hugger, you might be interested in this work on indexing using parameters other than cap weighting. Just a suggestion for your interest.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1917356
http://www.researchaffiliates.com/P...y/FAJ_Mar_Apr_2005_Fundamental_Indexation.pdf
If you are an index hugger, you might be interested in this work...
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