Who owns S&P500? Should we buy the ETFs or the companies who issue them?
This came after watching a clip by Patrick Bet and Joe Ragan. From the video, I realized that State Street Corporation, Vanguard and Blackrock own about 20% of the S&P with their shares and their various ETFs. If Blackrock becomes a country, it will be the 3rd biggest in the world after the USA and China with about $10 trillion of assets under management (AUM). I have listed the charts of BlackRock and State Street stocks below. For Vanguard, only their ETFs are listed, not the company stock itself. State Street Corporation (STT) Blackrock (BLK) Can these 3 companies exercise some influence over the entire stock market? With their ETFs, we can expect their AUM to continue to grow as more people get into passive investing and buying ETFs using dollar cost averaging (DCA). My investing muse With this, I am wondering if it makes sense to invest directly in BlackRock and State Street. In terms of commissions, the revenue is certain but the performance of the ETFs...