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I think this doesn't get enough attention. The biggest shareholders in many companies are index funds like Vanguard and BlackRock, which often have the right to
by mitthrowaway2 2y ago
I think this doesn't get enough attention. The biggest shareholders in many companies are index funds like Vanguard and BlackRock, which often have the right to vote on behalf of the shares in their ETFs. Their interests are in ensuring the entire ETF goes up, and a real estate deleveraging would do the opposite.
- phkahler 2y ago>> Their interests are in ensuring the entire ETF goes up... Things like automatic enrolment in 401K plans, or automatically bumping employee contributions by 1 percent will also benefit the broad market and funds.
- mitthrowaway2 2y agoYes, as does curing COVID and protecting the environment.[1] And on the less good side: broad-based price hikes instead of fighting with the competition over market share in a race to the bottom.[2] It remains to be seen whether ETF ownership is connected to "greedflation", but I believe so. [1] https://newsletterhunt.com/emails/12216 https://newsletterhunt.com/emails/12216 [2] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2632024 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2632024