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"On average, the fund holds 1.4 percent of all of the world’s listed companies." This blew my mind.
by hackathonguy 7y ago
"On average, the fund holds 1.4 percent of all of the world’s listed companies."
This blew my mind.
- erikpukinskis 7y agoMeaning a stake in 1.4% of companies, no indication of size of stake?
- kgwgk 7y agoNo, meaning it owns 1.4% of the global public equity market. They have some $700bn in stocks. The market cap of the S&P 500 is $25tn. If they held US large cap stocks only they would have almost 3% of each one of the S&P 500 companies.
- dmoy 7y agoAnd US is about 50% of the world market cap, so yea 1.4% sounds about right.