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BlackRock launches ETF that expands beyond the 'Magnificent Seven'

1. BlackRock launched iShares Top 20 U.S. Stocks ETF (TOPT). 2. TOPT aims to diversify beyond the 'Magnificent Seven' tech stocks. 3. TOPT includes 20 largest U.S. stocks by market capitalization. 4. The ETF addresses concerns over market concentration in big tech. 5. Since its launch, TOPT is down 2% amid volatility.

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FAQ

Why Neutral?

The ETF's decline post-launch suggests cautious investor sentiment. Historical trends show new ETFs often face initial volatility.

How important is it?

The launch of TOPT provides a direct diversification option for investors, influencing market trends.

Why Short Term?

Market dynamics may stabilize in the near term, impacting investor sentiments swiftly. Comparatively, new ETF performances can change rapidly.

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