As ETFs gather assets, the index providers (MSCI, S&P) becomes more important as they determine which stocks/bond and their weighting go into an index. And since index gets rebalance regularly, they effectively become an active managers of large asset class.
So instead of catering to shareholders/owners, shouldn't companies cater to index providers?
Submitted March 24, 2017 at 10:43AM by clownfishing http://ift.tt/2odiUEa
