Equally Weighted Index not Investable because it is not rebalanced often?

That’s what is says on Schweser’s answer key for Practice Exam 2. I always thought equally weighted indexes are investable.

Maybe, but it would track like a drunk hooker in a DUI check

you would have to rebalance daily not feasible to invest in that type of index

for SAMURAI purposes its not investable, or better said not practical to be investable because of the excessive transaction costs as a result of the need for frequent rebalancing

dont forget that it also has a small cap bias and is therefore fairly illiquid (this also impacts the investability)