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The Diversification Deficit: Opening 401(k)s to Private Markets
Commissioner Mark T. Uyeda, U.S. Securities and Exchange Commission [SEC] Link to more items from this source
[Opinion]
Nov. 21, 2025

"According to recent data, the top 10 companies in the S&P 500 now account for nearly 40% of that index's total market capitalization. That level of concentration means that even broadly diversified index funds may be more exposed to sector-specific risks than many investors realize. In such an environment, the case for expanding the investment universe to include exposure to alternative investments becomes even more compelling."  MORE >>

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