It always feels better to be in an index rather than not. But if I recall correctly, some people were hopeful when 4DS was included in the index that it would result in funds buying and the share price rising as a result. The actual impact was underwhelming in hindsight.
A look at the chart shows that anticipation of news early 2021 led to inclusion in March of that year and the result after inclusion was a slow downtrend until substantial negative news resulted in a large drop in price.
So the volumes generated by inclusion in the all-tech index do not seem to have as large an impact as news flow. Barely qualifying for inclusion in a index results in only a fraction of a percent being allocated compared to the large weightings of the formerly outsized WAAAX companies which take up most of the oxygen.
If we made it to the top 100 tech index or a global semiconductor index during a hot market (not now) it may be a different story but getting there will still depend on news flow.
My take is that significant and sustained share price action will not happen but smaller technical trading opportunities may result in the very short term, but I don't have the cognitive wherewithal to comment on that.
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