Looking at active equity funds across the globe, some invest in narrow markets, such as Danish, Italian, or Singaporean equities, with highly concentrated benchmarks and only a short list of constituents. On the other hand, in global or regional categories, indexes hold a far longer list of names, with the largest stocks carrying lower weights than in narrow-market indexes. In a broadly diversified market like this, an active fund manager can deviate from the index much more easily, without excessively diverging in terms of style or market cap, than in a concentrated market.