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This, another offering in M*'s small series on the active share metric, looks at the spread of active share for 20 large-cap foreign funds (by assets). Artisan ARTKX tops the list, with an active share of 94.3. FILFX, Strategic Advisers, is in 20th place, with an active share of 65.7. This is a large spread.
Although most funds on the list (15 of 20) with high active share are 4-star or 5-star funds, high active share funds are not necessarily "good" funds to own, Adam Zoll, the article's author, points to TGVAX, with an active share rating of 83.4, yet is a 2-star fund.
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Although most funds on the list (15 of 20) with high active share are 4-star or 5-star funds, high active share funds are not necessarily "good" funds to own, Adam Zoll, the article's author, points to TGVAX, with an active share rating of 83.4, yet is a 2-star fund.
Discuss.