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Epstein File EFTA01385496: Construction (DS10)

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This document discusses index fixings and their measurement of underlying variables. The excerpt addresses technical financial concepts regarding how index constructions may lag or inaccurately measure the actual movements they are designed to track. No specific names, dates, or financial amounts are provided in the available excerpt.

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The index fixings may - by **construction** - lag or mis-measure the actual move in the underlying variables they are intended to track.

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