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The HFRI Fund Weighted Composite Index posted a gain of +5.17 per cent in the third quarter, bringing the cumulative Net Asset Value (NAV) of the broad-based index to exceed the previous record level set in October 2007.
Since it is very broadly defined, virtually any alteration in benefits is likely to be treated as a material change, except for death benefit increases of up to $150,000 (or cost of living increases tied to a broad-based index).
Stacked up against a broad-based index, Walgreens is seen outpacing forecast earnings growth rates for the Standard & Poor's (S&P) 500 index of 7.7% in fiscal 2007 and 11.4% for fiscal 2008.
A cautionary note: It is easy to invest in financial assets and earn the market rate of return, simply by purchasing a broad-based index fund.