strikethree

Are you using an old text book? LOS statement from my textbook states that:

LOS32j. compare and contrast the methodologies used to construct equity style indices;

There is no 'process' nor 'discuss' in the LOS! Makes a world of difference!

Also the LOS states nothing about why a manager wants an overlap index or category. So don't bother about the manager part!

Just memorise that some index provider would categorise a stock either a growth or value while others would permit an overlap.