Index providers

Stop The Blame Game: Index Providers Don’t Drive Performance

The following was authored by Martin Small, Head of U.S. iShares at BlackRock. Index providers may set out the rules, but stock pickers dictate winners and losers. Martin explains. We all have a fascination with finding the person “behind the curtain,” the Great Oz who exercises ultimate control.  In reality, wizards are few and far between.  With reams of data now demonstrating that exchange traded funds (ETFs) and index mutual funds don’t actually fuel the markets, pundits have started to look for a new magician, a single force that inflates asset bubbles and then catastrophically explodes them. Some have set their