alt Hacker NewsLegally, any fund that tracks the NASDAQ 100 must follow the rules set by NASDAQ, so you'd want something that is neither a total market index, nor tracks the NASDAQ. Something like an S&P500 index would work
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oa335 • yesterday at 6:34 PM
Not legally, only by contract/specification. Funds could get sued for deviating from the index, but funds generally have a decent amount of discretion in my experience in how they handle rebalancing.
dmoy • yesterday at 5:32 PM
What is an example nasdaq 100 fund that isn't float adjusted?
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charcircuit • yesterday at 5:28 PM
What law prevents someone from choosing to buy stocks from the NASDAQ 100 however they want for a fund?
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> Legally, any fund that tracks the NASDAQ 100 must follow the rules set by NASDAQ
No? Contractually, maybe. But legally you can do whatever you want with index constructions.