The Hidden Dangers of the Great Index Fund Takeover
Bloomberg: The Big Three—BlackRock, Vanguard, and State Street—are the most important players in corporate America. Whether they like it or not. “If you hold a stock market index fund, congratulations. The S&P 500’s total return was a thumping 31.5% in 2019, and a fund that passively tracks that benchmark delivered almost all those gains, minus …