Reported 12 months ago
Investors holding funds tracking the Russell 1000 and Russell 3000 indexes, such as popular ETFs like iShares Russell 1000 ETF and Vanguard Russell 3000 ETF, may now have a stake in Trump Media & Technology, the company behind Truth Social, owned by former President Donald Trump. Trump Media's addition to these indexes means countless retail investors may now own a part of it, highlighting the passive nature of index-based investing and the inclusion of stocks based on rules rather than fundamental business strength.
Source: YAHOO