Both are owned by the same corporations (Vanguard, BlackRock, Fidelity, State Street, Geode…), who’ll win either way. Until the bubble bursts, that is.
Vanguard and Fidelity don’t really own that stuff. They’re managing the wealth of customers. The funds they have are almost entirely or entirely owned by customers.
Vanguard and Fidelity make money so long as people hold money in their funds. They win pretty much no matter what. The bubble bursting will mean they make less money, but they can’t really lose money because they don’t own the underlying equities.
Both are owned by the same corporations (Vanguard, BlackRock, Fidelity, State Street, Geode…), who’ll win either way. Until the bubble bursts, that is.
Vanguard and Fidelity don’t really own that stuff. They’re managing the wealth of customers. The funds they have are almost entirely or entirely owned by customers.
Vanguard and Fidelity make money so long as people hold money in their funds. They win pretty much no matter what. The bubble bursting will mean they make less money, but they can’t really lose money because they don’t own the underlying equities.