I can't upvote this enough. Once I learned about it, it really shocked me about ... | Hacker News

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		csomar on March 6, 2015 \| parent \| context \| favorite \| on: Apple to replace AT&T in Dow Jones on March 18 I can't upvote this enough. Once I learned about it, it really shocked me about how this is one of the most popular indexes in the world.

anonu on March 6, 2015 [–]

Its popular in the media - but it isn't really used as a benchmark. DIA, the Dow Jones Industrial Average ETF has $12bn AUM whereas SPY, the market-cap weighted S&P 500 etf has $189bn AUM... and probably significantly more if you look at all the "passive" money...

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