Mathmatically the Indexes are now harder to beat also. More money follows the Indices, which lowers the debt and equity funding costs for those companies that are big weights in the Index. It's been a subtle change over many years, but it does matter.
Take CBA, biggest stock in the Aussie Index, they could raise $5bn equity tomorrow at very low cost just because all the Index tracking funds would need to participate and would take almost any discount. A non-Index stock trying to raise a similar amount relative to mkt cap would pay a penalty for that, and the Fund Managers would be the benficiary of that discount by underwriting the deal. That Index weight advantage wasn't so profound 20 years ago.
- Forums
- ASX - By Stock
- PTM
- Ann: 2023.07.11 Funds Under Management - June 2023 PTM
Ann: 2023.07.11 Funds Under Management - June 2023 PTM, page-117
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PTM (ASX) to my watchlist
|
|||||
Last
99.3¢ |
Change
-0.043(4.11%) |
Mkt cap ! $592.3M |
Open | High | Low | Value | Volume |
$1.03 | $1.03 | 99.3¢ | $1.007M | 996.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 113118 | 99.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
99.5¢ | 19261 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 105015 | 0.990 |
15 | 73200 | 0.985 |
21 | 141600 | 0.980 |
14 | 88789 | 0.975 |
20 | 264390 | 0.970 |
Price($) | Vol. | No. |
---|---|---|
0.995 | 10832 | 5 |
1.000 | 74528 | 19 |
1.005 | 40324 | 11 |
1.010 | 29009 | 9 |
1.015 | 24274 | 7 |
Last trade - 11.10am 30/08/2024 (20 minute delay) ? |
Featured News
PTM (ASX) Chart |