What is it a benchmark for? All investable public stocks or the economy writ large?
Neither? What makes you think it was supposed to be a benchmark for either.
Amongst other thing weights are based on the value of shares that are traded publicly, not market cap.
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alt Hacker News
Neither? What makes you think it was supposed to be a benchmark for either.
Amongst other thing weights are based on the value of shares that are traded publicly, not market cap.