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Hot stocks drive divergence among ‘twin’ index funds this year
WSJ Markets reports that so-called “twin” index funds, which appear to follow similar strategies, are performing very differently in the current year.
The outlet attributes the gap to how a small number of high-profile stocks can dominate the results of funds that look alike on the surface.
As a result, index funds with overlapping approaches can end up tracking different outcomes when their top holdings diverge in performance.
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