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> they’ll adopt some of these proposals that are in the benefit of these companies IPOing at the expense of large funds? Yes. And I see the argument for it. It
by JumpCrisscross 5mo ago
> they’ll adopt some of these proposals that are in the benefit of these companies IPOing at the expense of large funds?
Yes. And I see the argument for it. It’s hard to claim you represent the market if trillions of dollars are outside it for no reason other than newness or capital-structure weirdness. (I agree with excluding unprofitable companies.)
- lenerdenator 5mo agoThere's quite a bit of money in, say, the cannabis business; do they have any representation in indices of note?
- ai-x 5mo agoYou clearly have no clue of the marketcap of these cannibas companies. The minimum marketcap for S&P 500 is ~23 Billion The highest current marketcap of cannibas companiy is $3 Billion
- thephyber 5mo agoMoving the goalposts of an index fund for one or 3 IPOs puts the reputation of S&P and Nasdaq in question. The comments in this thread make that clear.
- JumpCrisscross 5mo ago> Moving the goalposts of an index fund for one or 3 IPOs puts the reputation of S&P and Nasdaq in question. The comments in this thread make that clear These indices have lots of competition. NASDAQ 100 lost basically zero money when they made these changes. If S&P makes them, I'm doubtful anyone will react either. When S&P was still taking public comment, I put the link on HN. It got like two upvotes. This isn't something materially care about as much as like to get angry about on the internet.
- deleted 5mo ago[deleted]
- tomjakubowski 5mo agoWhy do you consider HN upvotes to be more indicative of "materially caring" than HN comments? Perhaps you got unlucky with the timing of your post, or title didn't grab attention in the /new feed compared to this post's. For all we know, whether or not they saw your HN submission, every critical commenter here may have also submitted a public comment to S&P.
- lovich 5mo agoWhat was the point of your comment saying > S&P has not finalized a rule change yet. If you were responding to someone saying the benchmark indexes were changing their own rules? Like the actual intent of the comment and not just observing reality like someone saying the sky is blue.
- lovich 5mo agoThen why are these changes being made for these companies IPOs?