FYI: In an editorial published this week in The New York Times, a commissioner with the Securities and Exchange Commission and a professor at the University of California advocate for more transparency and accountability in the role of index providers.
While pointing out that trillions of Americans’ investment dollars track index investments, they muse that there are significant conflicts of interest and little regulatory scrutiny tied to these indices. CFRA agrees that what’s inside the index behind an ETF or mutual fund is not obvious without doing some homework.
Regards,
Ted
https://www.etf.com/sections/features-and-news/know-whats-your-index-fund
