It is not at all difficult to find funds that have beaten the indices. Then, if you buy such funds, you need to monitor their performance and sell if they begin to lag. For this year, emerging markets, as measured by EEE, are up 31%, while U. S. small caps are down over 3%, as measured by IWM. SPY is up 5.5%, QQQQ up 18%, and EFA is up 9%. So the indices have performed rather differently from each other.
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