Thinking in Markets

S1E138 - When a Bigger Weight Is Not a Bigger Bet


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A change in ETF holdings can look like a new conviction call, but sometimes it is mostly math. Michelle and Vox use a recent active-ETF example to explain the difference between price-driven drift, deliberate rebalancing, and what retail investors should check before reading too much into a higher or lower portfolio weight.

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Thinking in MarketsBy Vox