But assuming it is: How would you even call it, and how would you describe your methodology in the prospectus? "Tech 100 (compare with e.g. NASDAQ)"?
Spacex will be around 4.5% of the index [2].
If you believe the thesis of the article that Spacex is about 30% overvalued, and if the only advantage your fund manager has over the rest of the market is that they will avoid Spacex, they will save you 1% of your money over the lifetime of your investment. Assuming you're saving for retirement in 30 years time, the fees will cost you 15% or more.
Maybe your fund manager finds a Spacex-level mispricing every two years. In that case, they're worth the fees. Some people will tell you nobody can beat the market. My employer among others believes very strongly in the idea that some people do make better investment decisions than average. What is certainly true is that not everyone does.
[0] https://helpcenter.ark-funds.com/what-is-the-fee-structure-e...
[1] https://www.invesco.com/qqq-etf/en/home.html
[2] https://www.fool.com/investing/2026/04/01/how-the-spacex-cou...
Does that article say that? I didn't see "4.5xm" mentioned anywhere. Also jow does QQQ do float adjusting? Will it do the same 5x that we're hearing nasdaq is going to do? (Which would make it what, <1%?). Or something else?
Of course some do. After all, that's what makes an "average".
Some people are taller than average, too!
No? Contractually, maybe. But legally you can do whatever you want with index constructions.
If they are, you'd only get a license when accepting their terms.
Index providers definitely own their trademarks. You can’t market an S&P index without paying S&P. But “the available authority indicates that copyright protection for indexes may extend to the index constituent lists but not index averages, and copyright preemption principles may limit misappropriation protection for indexes to a very narrow class of ‘hot news’ uses” [1].
> you'd only get a license when accepting their terms
Sure. But plenty of indices allow for mixing and matching. The terms are designed to avoid confusion—you can’t use the term NASDAQ 100 if it isn’t exactly that. More broadly, there are tons of indices and benchmark portfolios.
[1] https://www.blegalgroup.com/market-index-licensing-a-review-...
If there were a good autopilot energy policy option, it would probably entail doing the opposite of whatever Germany votes to do.
How is this a response?
AFAIK the problem is that they're lobbying the nasdaq 100 index provider to add a 5x multiplier for free float for spacex. Otherwise it would be far less controversial.
