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Index-Crazed Investors Turning S&P 500 Into One Gigantic Company

FYI: .Study says firms increasingly incentivized to not compete

.The trend predates rise of BlackRock, Vanguard, State Street
The rise of indexing mutual funds and other diversified investors is increasing the temptation for public companies to act in the interests of their rivals, a trio of professors say.
Regards,
Ted
https://www.bloomberg.com/news/articles/2019-01-15/index-crazed-investors-turning-s-p-500-into-one-gigantic-company
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