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You’re confusing the maintainer of the index’s ( Standard & Poors) with the implementation (Vanguard). If S&P puts a company in, Vanguard will buy the shares.
by MR4D 9y ago
You’re confusing the maintainer of the index’s ( Standard & Poors) with the implementation (Vanguard).
If S&P puts a company in, Vanguard will buy the shares. Not doing so could cause problems, including lawsuits.
- kspaans 9y agoYes, and as I said the S&P500 index excludes companies like Snapchat with the founder-has-most-votes trick. I suppose the real issue here is how much money goes into which indices, and which ones exclude companies like these.