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| ▲ | derektank 4 hours ago | parent | next [-] | | The Russell indices, and other indices like the CRSP total market index, might include newly public companies like SpaceX, but the relative weight of them in the index will be float-adjusted, so a company like SpaceX that has kept a lot of its shares locked up will be underrepresented in the index compared to a more established public company. | | | |
| ▲ | JumpCrisscross 4 hours ago | parent | prev [-] | | Many funds use lots of indices. Very few dollars are being forced to buy these offerings. | | |
| ▲ | andriy_koval 4 hours ago | parent [-] | | Russel indexes are used by very large funds, e.g. vanguard usually track russel | | |
| ▲ | edoceo 4 hours ago | parent [-] | | Which Vanguard and at which weight? | | |
| ▲ | andriy_koval 3 hours ago | parent [-] | | the largest 2.3T is https://finance.yahoo.com/quote/VTI/ which tracks CSRP which fasttracked SPaceX | | |
| ▲ | derektank 3 hours ago | parent | next [-] | | To be clear, while the CRSP fast tracked SpaceX’s admission to their total market index, that policy (which states that if a security's total market cap is larger than the breakpoint of the CRSP US Small Cap Index, it is can be added after 5 days of trading) has been in place for at least a decade. Unlike SpaceX’s admission to the Nasdaq, this did not represent a change in policy. | | |
| ▲ | andriy_koval 3 hours ago | parent [-] | | this article says crsp changed policy too: https://www.morningstar.com/funds/spacex-ipo-how-index-funds... | | |
| ▲ | stockresearcher 2 hours ago | parent [-] | | (FYI, CRSP doesn't exist anymore) CRSP adjusted their methodology prior to SpaceX IPO being announced. It's part of a larger discussion about what the purpose of an index is and how people invest. Vanguard is not out to screw people's retirement up (quite the opposite really). Anyone is welcome to be part of the discussion, but it's hard to get anyone to take you seriously if you only come out of the woodwork when something "bad" is about to happen. | | |
| ▲ | andriy_koval 2 hours ago | parent [-] | | > (FYI, CRSP doesn't exist anymore) it absolutely exists, but was renamed > CRSP adjusted their methodology prior to SpaceX IPO being announced. important part is when SpaceX ipo plans were decided, not announced to clueless public |
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| ▲ | JumpCrisscross 3 hours ago | parent | prev [-] | | How many marginal dollars from that went into SpaceX? The index drama was mostly a creation of influencers. | | |
| ▲ | andriy_koval 3 hours ago | parent [-] | | so you saying you know exact number affected by index drama, and it is small? What is that? |
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