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When you add in money managed on behalf of retail investors it gets big fast, thinking indexed funds, pensions etc. they are not immune, and ETFs by definition need to participate


You are correct in the main thing you were trying to communicate, but I'll just correct this part:

> ETFs by definition need to participate

You meant to say "index funds". There are many different kinds of ETFs.


Is that not considered institutional? If i own a Vanguard ETF, the stock that comprises the ETF is classified as being owned by Vanguard, right?

Genuinely asking.




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