Rebound relationships are best avoided, but maybe not in the stock market. With about half of the money invested in American stocks now sitting in index funds, and many active managers holding portfolios that resemble them—just try beating the market these days without “Magnificent 7” stocks such as Nvidia or Microsoft —index castoffs have a hard time meeting someone new. This week they are unveiling a stock index named NIXT that would have earned investors about 74 times their money since 1991 by buying stocks kicked out of indexes. Read More...
Rebound relationships are best avoided, but maybe not in the stock market. With about half of the money invested in American stocks now sitting in index funds, and many active managers holding portfolios that resemble them—just try beating the market these days without “Magnificent 7” stocks such as Nvidia or Microsoft —index castoffs have a hard time meeting someone new. This week they are unveiling a stock index named NIXT that would have earned investors about 74 times their money since 1991 by buying stocks kicked out of indexes.
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