Wood's Ark Investment Management sold off more than 393,000 shares of Tesla Monday for around $98.2 million, based on TSLA closing price of 249.83.
If you’re among the so-called mass affluent, your portfolio may be looking a bit more like that of high net worth individuals.
Direct indexing is forecast to attract assets at a faster pace than exchange-traded funds, according to a recent report by Cerulli Associates.
“Direct indexing” allows investors to customise their portfolios while still mimicking the market’s performance, but not everyone is a fan.