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have been indexing

  • present perfect progressive
    of index.
    index
    noun
    (in a nonfiction book, monograph, etc.) a more or less detailed alphabetical listing of names, places, and topics along with the numbers of the pages on which they are mentioned or discussed, usually included in or constituting the back matter.

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Pension-fund managers have been indexing for two decades to ensure that they earn a market rate of return.

From Time Magazine Archive