Core Viewpoint - The article discusses why certain well-known stocks, specifically Taiwan Semiconductor, Spotify, Shopify, and Coinbase, are not included in the S&P 500 index and suggests alternative ETFs for investors to gain exposure to these companies [1][3]. Group 1: Stocks Not in S&P 500 - Taiwan Semiconductor Manufacturing (TSM) is excluded from the S&P 500 due to its headquarters being in Taiwan, despite having a trillion-dollar market cap [4][5]. - Spotify (SPOT) is a foreign company based in Sweden and Luxembourg, which prevents its inclusion in the S&P 500, but it is included in over 120 ETFs [7][8]. - Shopify (SHOP) is based in Canada and thus not eligible for the S&P 500, yet it is held by approximately 75 ETFs, including ARK Fintech Innovation ETF [9]. - Coinbase International (COIN) is a U.S.-based company with a market cap of $66 billion, but it has been skipped for S&P 500 inclusion multiple times, although it is included in over 160 other ETFs [11][12][14]. Group 2: Alternative ETFs - Taiwan Semiconductor is a major holding in the S&P World Ex-US ETF and the VanEck Semiconductor ETF, providing alternative investment options [6]. - Spotify is the top holding in the First Trust International Equity Opportunities ETF and is included in various Vanguard ETFs [8]. - Shopify is a flagship holding in ARK Fintech Innovation ETF, representing 10% of the fund's total value [9]. - Coinbase is a significant holding in multiple ARK funds and is also included in various SPDR and Vanguard ETFs, indicating strong investor interest [14].
Your Favorite S&P 500 ETF Won't Give You Exposure to These 4 Great Stocks