These funds don’t invest actively (picking individual stocks). Instead they invest in indexes that track larger portions of the market. So they’ll automatically buy once the company is listed on the NASDAQ.
replyWhy do I imagine that no one whose retirement account is about to get smoked is in place to make decisions about whether or not this is a good investment
replySeems like there should be a market for a no-Elon/OpenAI/Anthropic ETF out there.
replyOr one that just imposes a reasonable waiting period on adding newly-IPO’d listings.