When Three Passive Funds Become the Market | June 14, 2026 | Torsten Slok's The Daily Spark
Apollo: With the three largest passive S&P 500 funds now holding more than $2.6 trillion combined, and Vanguard's VOO alone crossing $1 trillion this month, prices are increasingly set by mechanical flows rather than by anyone judging what companies are actually worth. See chart.
References
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