Analyst Urges Vanguard, BlackRock to Launch S&P 500 Funds Excluding 3 AI Firms
Updated
Updated · Bloomberg · Jun 3
Analyst Urges Vanguard, BlackRock to Launch S&P 500 Funds Excluding 3 AI Firms
3 articles · Updated · Bloomberg · Jun 3
Summary
Three private AI leaders — SpaceX, OpenAI and Anthropic — should be carved out of new index products, an analyst argued, proposing “Total Market” or S&P 500-style funds that exclude them.
The pitch frames the current setup as a market failure: investors who want broad passive exposure without backing those companies have no efficient off-the-shelf option and instead rely on ad hoc pressure campaigns.
S&P itself could also create versions built under older index-admission rules, the analyst said, including profitability requirements and a 12-month waiting period before entry.
The idea borrows from ESG investing, where fund groups sold standard and exclusion-based index variants; here, the screen would be simpler — no SpaceX, no Anthropic, no OpenAI.