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Routledge Handbook of Financial Technology and Law
Exchange-traded funds (ETFs) and FinTech
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The Market for "Lemons": Quality Uncertainty and the Market Mechanism
George A. Akerlof (1970)
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- Alphabet, Amazon, and Facebook accounted for 17.5% of the S&P 500. Id. That year, when the share price of Apple and Microsoft soared 86% and 55%, respectively, the value of the S&P also increased 31%. Id. Note, however, that ETF managers will not typically track every stock in the S&P 500 and may overweight or underweight certain stocks. See Tom Lydon, Why Equal Weight ETFs Have Been Beating Out the S&P 500, ETF TRENDSAuthors: See Levy