STAR Market broad-based indices have recently diverged, with STAR 100 and STAR
200 outperforming. ETF flows have not simply tracked index moves — some funds
recorded net subscriptions into STAR 50 ETFs during that index's pullback.
Market participants say ongoing refinements to the STAR index system are
highlighting differences in market-cap tiers, sector exposures and
concentration, and will further segment index-based allocation tools.