wie ein großes Mimimi von Griffith.
"In US equities, passive funds are now roughly as large as the actively managed investment universe after a decade of rampant growth, while retail investors now account for nearly as much as all mutual and hedge fund trading combined."
Griffin highlighted how an oblique tweet of a McDonald’s ice cream cone and a frog emoji from Ryan Cohen, a big GameStop shareholder, appeared to be the spark for a doubling of the stock’s price in one afternoon in February. “The fact that the tweet of an ice cream cone can move markets will be the subject of academic study for years,” Griffin said. “It represents a dynamic where certain stocks are now almost exclusively owned by retail and passive funds. You’ve taken out active investors who focus on traditional metrics in valuing an equity.” |