The rules don't come in to effect until 17 June - however the market must have been preempting scaling back of the existing weightings.
Changing from 80%-98% to 60%-98% does not affect qualification of smaller caps - it only means larger market caps will now qualify e.g. the top 8 world gold stocks by MC make up approx. 60% of the total combined MC and would now be excluded whereas previously the top 20 making up 80% were excluded. The net affect is about 12 additional stocks qualify. The cut-off is effectively raised from US$1.5b to US$7.5b. NST and EVN would now qualify which makes sense considering the size of the fund.
The 98% rule hasn't changed - e.g. the top 90 stocks still make up 98% of the market by MC.
Small caps still have to get over the "Index Universe" hurdles in terms of liquidity. DCN and GOR would be marginal.
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Last
$15.16 |
Change
0.260(1.74%) |
Mkt cap ! $17.42B |
Open | High | Low | Value | Volume |
$15.05 | $15.38 | $15.05 | $77.42M | 5.098M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 15658 | $15.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.18 | 34294 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 15658 | 15.120 |
2 | 16323 | 15.100 |
1 | 15658 | 15.090 |
1 | 66 | 15.080 |
1 | 15658 | 15.070 |
Price($) | Vol. | No. |
---|---|---|
15.180 | 33636 | 2 |
15.200 | 10111 | 1 |
15.220 | 10112 | 1 |
15.230 | 16858 | 3 |
15.240 | 15658 | 1 |
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