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The Differences Between Kathy Wood's and Bailey Gifford's Funds
Kathy Wood's Arc fund is heavily into Tesla as well. Bailey Gifford is an investment trust so they can borrow in the bond market or as a bank loan and use that to lever up their returns, which is one of the things that they do. They really are backing themselves. And that's what active share means. It means how much do you differ from the benchmark? I mean, there's a question of what the benchmark should be.