Apparently there are algorithmic traders that pre-empt index changes and get in before the index funds have to buy. According to the article in the fin review these guys have made a killing over the last couple of years by forerunning the index trackers.
Sadly it is the little guy's super that the woke instos have been managing. I am feeling cynical about that also. After looking through the various Industry super fund fine print, the returns are not quite as good as they seem on the surface. No doubt they all got a good pat on the back for avoiding NHC and its wicked ways.
NHC Price at posting:
$3.90 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)