Why else would they change the rule ?

tikhonj 8 minutes ago | parent | next [-]

Because they think that a lot of people will want to get in on the historically massive and well-known companies, which would lead to outflows if the index doesn't pick them up fast enough?

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JumpCrisscross 28 minutes ago | parent | prev [-]

> Why else would they change the rule ?

These indices aim to replicate the market. They’re not trying to pick stocks.

There is a serious argument for saying they fail to replicate the market if they structurally exclude trillions of dollars of it.

	▲	lenerdenator 18 minutes ago \| parent [-]
		They also exclude many other things that are of economic value, because they could cause structural or social harm in the markets.