Matt Levine wrote (uh, yesterday?) that the Nasdaq 100 was adding it (not a full linear weighting....) right now to accommodate this scam.

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dmoy 9 hours ago | parent | next [-]

Ok fair, I forgot that QQQ is as big as it is.

Edit: wait, but QQQ is float adjusted?

What are the biggest not-float-adjusted index funds?

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lokar 9 hours ago | parent [-]

I don't know about the funds, but it's really about the index. Both for the index funds that use the index, and the active mutual funds and index funds benchmark to that index.

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dmoy 9 hours ago | parent [-]

Why is it really about the index though, if the index fund doesn't track that public index?

If the index fund is tracking some proxy that is float weighted, isn't that what matters? At least when it comes to people's money.

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lokar 8 hours ago | parent [-]

Index funds track an index, thus the name

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dbt00 9 hours ago | parent | prev [-]

Yeah, the OEX is a more serious index for more serious people.