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For a market capitalization-weighted ETF focused on the S & P/TSX Composite Index, what is...

For a market capitalization-weighted ETF focused on the S & P/TSX Composite Index, what is likely the greatest contributor to underperformance relative to the reference index?

A.

Liquidity.

B.

Fees.

C.

Rebalancing.

D.

Cash drag.

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