1. When defining the Russell 3000 Value and the Russell 3000 Growth (or Glamour) indices, Russell separate stocks according to Price to Book Ratios only. In contrast, when defining the S&P 1500 Value and S&P 1500 Growth (or Glamour) indices, S&P uses a combination of P/B, P/E and P/Sales. Discuss which approach is superior in terms of capturing the outperformance of Value over Growth (or Glamour).