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This is for the same reason they don't mix gold ETFs into their indexes. The point of their funds is to track companies that produce goods and services, not ass
by ch4s3 2y ago
This is for the same reason they don't mix gold ETFs into their indexes. The point of their funds is to track companies that produce goods and services, not asserts and commodities.
- latchkey 2y agoTwist things around however you want, but VGPMX [0] invests in the companies producing precious metals. 1/4 of the portfolio is that. [0] https://investor.vanguard.com/investment-products/mutual-funds/profile/vgpmx https://investor.vanguard.com/investment-products/mutual-fun...
- Aloisius 2y agoVanguard invests in bitcoin companies. They just don't have a dedicated ETF or mutual fund. For instance, Vanguard is one of the largest institutional investors in MSTR and MARA.
- latchkey 2y agoMSTR is now a direct proxy for btc, and MARA definitely is. Having massive investments in those stocks while claiming "we only invest in companies, not crypto", feels super wonky to me.