The question is related to the style of the strategy. It is asking, from a holdings based perspective if the portfolio exhibits value growth or market oriented characteristics. Since the characteristics are spot on the index.....its market oriented.
Value weighted index refers to how weights are defined by market value, its not related to the characteristics of the underlying holdings.....hope this helps.
Edited 1 time(s). Last edit at Friday, June 3, 2011 at 11:13AM by 3_and_out.