Subject: Re: Reverse market cap backtest?
Manlobbi, you wrote "As a stock declines, an equal weight index buys more of it, but only subtly."

Why would such an index buy more? Isn't the position fixed at, say, 1/500th of the index value?

When the ETF is rebalanced there would of course be some selling and buying maybe that is what he means by "subtly".

GD_