No. of Recommendations: 5
4. If this is so good and so easy to do, why hasn't anyone created an ETF or regular fund to do so?
I once read that fund companies are like hookers. Whatever people want to buy, they will create & sell it.
Fidelity's home page has been touting TOPT lately. "the 20 largest U.S. companies by market capitalization"
There is also QTOP. "the 30 largest companies by market capitalization within the Nasdaq-100".
Weirdly, there is also QNXT, which is the other 70 stocks of the Nasdaq 100.
Also is TOPC sitting between SPY (cap weight) and RSP (equal weight), "the S&P 500 Index, subject to a 3% cap on individual company weights".
Whatever your kink, someone will provide it.
I guess that since there doesn't seem to be a fund that invests in the one-year-old S&P500 index that there isn't any demand for such.
Of course, another thing about that index is that the first about 250 stocks are 90% on the index. The other 250 are basically just along for the ride, contributing nothing.
