When it comes to investing, it seems that we have plenty of choices for our portfolios.
Just take a look at the broader indexes. After all, the “500” in the S&P 500 isn’t just for show. However, that number which represents the sheer variety of firms around the world is hiding an interesting fact.
The number of stocks is actually shrinking.
It’s hard to see while looking at the big indexes, but the number of publicly traded companies has been steadily shrinking over the last few decades. On the surface, it doesn’t seem like it should matter. But according to one of the largest asset managers, that lower public float has some interesting investment implications for long-term investors.
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