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by macNchz
5 days ago
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Because that doesn't force tons of passive investment dollars to participate. Being a part of the S&P500 doesn't require heavy promotion, they'd just get a slice of the investment from the millions of people who auto-invest money each month in retirement programs that buy S&P500 funds (among other things). There are already other indexes and funds where you can invest in high-tech/growth companies, but the people who are interested in that level of risk are already investing in them. These companies want to slip into the S&P because they'd get investment from people who are not specifically investing in high-risk/high-growth companies. |
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