3 ms·
They can always create a new index and a fund that follows it. But getting people to buy into such a fund is much harder then a fund following some well known i
by doikor 3y ago
They can always create a new index and a fund that follows it. But getting people to buy into such a fund is much harder then a fund following some well known index.
- eru 3y agoAnd new indices get created all the time, plus funds that follow those indices. You often even get new indices specifically created to be easy to invest in (instead of optimizing for the older goal of being some measure of overall market performance.) Vanguard and Blackrock don't necessarily dislike that their hands are bound with the indices. That avoids lots of thorny political problems.