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Jun 30, 1999

Track stars

A security for the new economy

Flip through recent issues of any major financial publication and you're bound to stumble across a story on 'tracking stocks'. The security, which tracks the performance of a specific business embedded within a corporate parent – though it does not confer control of that asset to shareholders – has been showered with attention over the last year. In a market hungry for trends and fads, the rash of headlines has many investment professionals scrambling to learn more. The premise

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