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Day Traders as Dumb Money? The Pros Are Now Paying Attention Last year, an army...

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Finance

Day Traders as Dumb Money? The Pros Are Now Paying Attention Last year, an army of day traders turned markets upside down. This year, professional fund managers are finding that they had better keep tabs.
by Caitlin McCabe. Wall Street Journal 16 January 2022
Last year, amateur investors took financial markets by storm. This year, Wall Street professionals are watching them closely.
Fund managers who might have once derided small-time day traders as dumb moneyare scouring social-media posts for clues about where the herd might veer next. Some 85% of hedge funds and 42% of asset managers are now tracking retail-trading message boards, according to a survey by Bloomberg Intelligence.
Question: When individual retail investors purchase shares in a company, which of the following functions best describes the kind of value-adding service the investors are delivering? You must pick the function they perform most effectively.
Providing access across a barrier Bridge
Guaranteeing quality Certifier
Monitoring and enforcing contracts Enforcer
Bearing risk - Risk Bearer
Providing information Concierge
Taking the heat Insulator

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