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Ann: S&P DJI Announces March 2023 Quarterly Rebalance, page-7

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Sharetrader78

13,312 Posts.

1924

06/03/23

10:56

Post #: 66620548
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Originally posted by FFailings: ↑

It's a positive in the short term because index funds such as the $30bill Vanguard Australian Share fund needs to buy whatever the index weight will be (most index funds track the 200, vanguard tracks the 300). My guess, looking at the current exposures of 400-500m market cap companies such as aef, adh, shv, that are currently in the index, is that the weight is around 0.02% (there are other factors apart from market cap such as free float), which is about $6m worth or around 23m shares that needs to be bought.

then there are index funds which track the small ordinaries (companies in the 300 but not in the 100) but not all of these funds employ a "full replication" strategy so the small ordinaries buying will be small or negligible.

however once the bout of short term buying ends, the shares held be index funds are generally lent out to whoever wants to short which eventually negates the initial buying.

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BCB Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.8¢		Change 0.000(0.00%)		Mkt cap ! $23.44M

Open	High	Low	Value	Volume
0.9¢	1.0¢	0.8¢	$674.4K	75.06M

Buyers (Bids)

No.	Vol.	Price($)
28	14562036	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	3866739	5

View Market Depth

No.	Vol.	Price($)
28	14562036	0.008
8	5548249	0.007
4	1031800	0.006
5	952000	0.005
2	3600000	0.004

Price($)	Vol.	No.
0.009	3866739	5
0.010	5665722	10
0.011	4636342	4
0.012	2401017	3
0.013	2975916	3

Last trade - 16.10pm 01/11/2024 (20 minute delay)

BCB (ASX) Chart