The Hidden Cost of Stock Market Concentration: When Funds Hit Regulatory Limits
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下载链接：
https://www.nber.org/papers/w35007
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资源简介：
As stock market concentration has risen, regulatory limits on fund portfolio concentration have become increasingly binding, especially for large-cap growth funds. When funds approach these limits, they trim their largest holdings and reduce equity exposure. Funds perform worse when constrained. A
提供机构：
美国国家经济研究局
创建时间：
2026-03-01
