RE: Blackrock bought more shares8 Dec 2020 11:36
Well done Amanensia trying to educate the rampers. Some real ignorance / wishful thinking here. There is no “vote of confidence”, trackers run on algos that keep a proportional share of each constituent share. If a share like EUA had a high enough MC it gets added to the index and maintained according to the algo.
It’s good news generally as it is a another buyer of the share and a sticky LT holder.
“Strange business model”? No BR will take their 20bps (or whatever) management fee for operating a computer programme. Investors are not buying BR advice, they are buying, in a convenient and cheap way, a portfolio of junior mining companies.