Extracted from John Bogle's book.
Index funds have been successful. The total amount invested in classic stock indexed funds grew from USD 16 million in 1976 to USD 445 million (28 times) in 1986 to USD 68 billion (153 times) in 1996 to USD 369 billion (5.4 times) in 2006. It now represents 7 percent of total investments in mutual funds.
The classic funds are those that represent borad stockmarket, such as the S&P 500, Dow Jones Wilshire 5000 and the Morgan Stanley EAFE (Europe, Australia, Far East).
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