Running discussion on SP, page-8699

Correct. Merely tracking. They don't need to make money as they make management fees and.mo ey from the shorters and god knows what they make on the spread.

When they exit they need to sell a shit tonne of shares as close to the current price as possible (to track it). Shorts want a lower price, they want a higher price, they meet.in the middle.

The index fund itself is constantly buying and selling as they acquire or dispose of units so don't think of it as an overall position holder.

not explaining for your sake wazzie just continuing the thought.