@Beggarmidas There are index and etfs that are not broad spectrum. They're vertical markets that focus on a specific industry or niche. indices can get really confusing really fast, which is why most people's funds are in broad market, it spreads out the risk...theoretically. I think these rules make that less true than it was. https://www.investopedia.com/terms/v/verticalmarket.asp

Crazy SpaceX cont.Public funds from NY and CA are lodging a long-list of complaintsPublic fund managers overseeing over $1 trillion in assets for the likes of police officers, firefighters and nurses, [say] the enterprise that promises to establish colonies on the moon... threatens a huge setback in shareholder rights... CalPERS and the two New York officials provide a detailed critique of a half-dozen, allegedly Musk-serving rules... as the antithesis of sound corporate oversight.