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Which of the following is least likely to cause an ETFs return to deviate from the return of the index that is being tracked? The

Which of the following is least likely to cause an ETFs return to deviate from the return of the index that is being tracked?

  • The fund buys only a subset of the index's assets
  • The ETF reinvests dividends
  • Management fees
  • Cash holdings to cover redemptions

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