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A comment on SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P. Parent comment

Re:SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P by DeathArrow on Friday June 05, 2026 @01:20AM (#48408296)
>All that an inclusion of these new companies would accomplish is a bailout of their stockholders by pension funds and ETFs where millions of regular people shoulder all the downside risk.

The purpose of an index is to provide a benchmark of the market, not to build funds that follow the index.

[ Parent | on HN ]
Re:SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P by ywvcbk on Friday June 05, 2026 @03:41AM (#48409317)
> The purpose of an index is to provide a benchmark of the market

Usually a subset of the market based on specific criteria. Total market indexes and funds exist, maybe there is a reason S&P 500 despite its "strict" inclusion criteria is more popular than them?

[ Parent | on HN ]