SpaceX’s early inclusion in the Nasdaq 100 led index funds tracking the benchmark to buy the stock automatically, but it is not seen as a structural risk that warrants avoiding index investing, an assessment said. The key issue is how index funds are managed and how stocks enter the index. Burton Malkiel warned SpaceX may be overvalued but said its inclusion is not a reason to shun index funds. Investors are watching governance concerns and changes in free float after lockups expire.

Japan\'s government is pushing a plan to gradually raise the Government Pension Investment Fund\'s allocation to alternative investments to about 5 percent from 1.7 percent, with the recommendation to be reflected in the next GPIF policy report. The shift could move billions of dollars into private equity, private credit, real estate and infrastructure. The government is also urging bigger domestic investment by public pension funds, amid stronger GDP data and a policy backdrop of higher inflation forecasts and recent rate hikes.