I recently posted that UGL has been added to the Dow Jones Global Select Dividend list, effective close trading day June 19;
"The companies joining the index: Vivendi S.A. (France, Media, VIV.FR), United Group Ltd. (Australia, Construction & Materials, UGL.AU), Adelaide Brighton Ltd. (Australia, Construction & Materials, ABC.AU) and American Electric Power Co. Inc. (United states, Utilities, AEP)."
MY QUESTION to you guys is this; if there is a sell off of equities (ie correction), will the inclusion in this list mean that UGL will be sold off by those big funds who own this index?
My guess is that this index would be considered an income investment rather than growth, so it should not be effected too much. Any thoughts from others greatly appreciated.
Full article here http://www.globenewswire.com/newsroom/news.html?d=166751
Add to My Watchlist
What is My Watchlist?