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You just happen to agree with this one, so you find reasons to justify it like "exercising judgement". What if they exclude a company because of political ties
by safog 6y ago
You just happen to agree with this one, so you find reasons to justify it like "exercising judgement".
What if they exclude a company because of political ties to communist regimes? Or ESG concerns? To me neither of these is acceptable. I would be pretty annoyed if Exxon was excluded from SP500 because they contribute to Global Warming.
Go pick another index is not a defensible position when I'm criticizing the index's policies specifically. Yet to hear good reasons for why a committee "exercising judgement" is a good thing for the average investor.