alt Hacker News> An passive investors are going to get hosed by this thanks to NASDAQ cooking the rules
I’m genuinely confused how a passive investor winds up tracking the NASDAQ 100 versus a broader index.
Also, if you’re picking and choosing your exposures, you aren’t passive.
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malfist • today at 6:32 PM
A broader index that tracks the NASDAQ tracks the NASDAQ 100 and is impacted by this rule.
You buy VTI, you're impacted.
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That sounds like a "no true scotsman" argument. Even passive investors need to pick some methodology of how to pick assets and how to relatively weigh them, and while you can make that as mathematically simple as possible, it's arguably an active decision.
Or would you say that e.g. an ETF tracking MSCI ex-US is not a passive fund?