So the company has decided its best solution is to sell its crown jewel: the iShares exchange-traded fund group, which has come to dominate the booming ETF marketplace the way Vanguard dominates index funds and Fidelity dominates actively managed funds.
The Nordics dominate indices of competitiveness as well as of well-being.
The way to do that, he said, is to avoid some very large stocks that dominate indexes in some countries, especially in emerging markets.
In the past, whenever one industry dominated the index, that sector was at or near its peak value and soon began a steep decline.
All eight evictions came from the technology, media and telecoms sector that briefly dominated the index at the height of the bubble.
On July 20th the high-tech dominated Nasdaq index suffered its fourth-largest drop of 98 points, though in percentage terms the fall of 3.5% only just made the top 30.
In the mid-1980's, the cost of merchandise dominated the indexes, he said, but "the trend over time has been toward lower goods prices, such as the pear tree, and higher prices for skilled labor, such as the pipers".
Therefore, the bandwidth of an exponential index in broadcasting index information is only dominated by the index base and chunk size.
The blue chips like General Electric, Coca-Cola and Microsoft that dominate the index have led the current market rally, and, of course, the low costs of indexing help out, too.
Technology companies continue to dominate the index, but their share has fallen to 21%.
Still, companies in computer-related fields will continue to dominate the index, with their share falling only a bit, to 65.3percentt from 65.8percentt.
