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0 pointsblourvim18d ago0 comments

I heard that the rule changes which would allow SpaceX to be auto bought by those funds has been blocked, previous stock seasoning rules will apply

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5 comments · 1 top-level

JumpCrisscross18d ago· 4 in thread

> the rule changes which would allow SpaceX to be auto bought by those funds has been blocked

Nothing was blocked. S&P 500 never adopted them. Influencers misunderstood what a consultation document is and presented a question as a fait accompli.

NASDAQ 100 changed its rules, as did S&P and Russell's total-market funds. But for NASDAQ 100 I'm going to go ahead and say this was a brilliant market move, since nobody ever talked about that index before this.

siren202618d ago

> But for NASDAQ 100 I'm going to go ahead and say this was a brilliant market move, since nobody ever talked about that index before this.

Most people know the NASDAQ100 as its ticker QQQ. Also known as the high risk - high reward investment.

After reading how Nasdaq changed the rules in order to court all the mega IPOs to list with them, I will never ever consider a Nasdaq fund again. The rule change about the available float is especially shocking.

JumpCrisscross18d ago

> After reading how Nasdaq changed the rules in order to court all the mega IPOs to list with them, I will never ever consider a Nasdaq fund again

We have zero evidence for that chain of causation. And we have zero evidence of significant outflows for NASDAQ 100 since this rule change. (There is early evidence of inflows, but I suspect that's just because nobody talked about the NASDAQ 100 before and this turned out to be a brilliant marketing move.)

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kasey_junk18d ago

Crsp changed as well.

JumpCrisscross18d ago

> Crsp changed as well

Yes. For their total-market fund. That makes sense. (CRSP is probably the most-significant index to make the change. But even then, it won't be a significant source of demand. Total market means lots of components.)

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