this post was submitted on 19 Feb 2025
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Late Stage Capitalism

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[–] atomicpoet@lemmy.world 1 points 2 days ago

BlackRock is a manager of ETFs, almost all which involve passive investment funds. They’re not much different from Vanguard.

Now if you don’t know what this means, I’ll break it down for you: BlackRock doesn’t know what’s going on, their funds just follow preset rules for underlying assets.

And the reason they hold so many assets is because they’re passive in nature.