Been trying to figure out what the inclusion into the S&P/ASX 200 fundamentally means for the demand and supply equation for RED shares. As far as I can figure:
1. We still stay in the Vanguard ETF and similar 300 index tracker ETF's, so no change there.
2. There appears to be a lot more ETF index tracker funds tracking the 200 index, then there are the 300.
3. The following table shows at least 6 out of 11 tracking the 200, as compared to perhaps 2 out of 11 tracking the 300.
Fundamentally this should lead to higher demand for RED shares as another 6 substantial ETF's will need to buy in. If correct should we expect a large pick up in ave. daily volumes prior to and immediately after March 18 effectivity.
Any thoughts? Am I on track (Pun?) and should we expect to see a similar trajectory in RED's SP to that late last year when Vanguard took a position? Would that '40c' prophetic HC thread be realised shortly? Or am I off track and things will continue as such, i.e. trading between 38c and 30c, until the next big kicker?
See table below:Index Tracking
Fund Name ASX Code Mgmt Fee Benchmark Details BetaShares A200 A200 0.04% S&P/ASX 200 Tracks the return of the 200 largest ASX companies (not the index specifically). BetaShares Australian Small Companies Select SMLL 0.39% S&P/ASX Small Ordinaries Accumulation Tracks the return of the S&P/ASX Small Ordinaries Accumulation Index. BetaShares FTSE RAFI Australia 200 QOZ 0.40% FTSE RAFI Australia 200 Tracks the return of Australia's 200 largest companies. BetaShares Geared Australian Equity GEAR 0.80% S&P/ASX 200 Tracks the return of the S&P/ASX 200 Index (Geared). BetaShares S&P/ASX Australian Technology ATEC 0.48% S&P/ASX All Technology Tracks the return of the S&P/ASX All Technology Index. iShares Core S&P/ASX 200 IOZ 0.09% S&P/ASX 200 Tracks the return of the S&P/ASX 200 Index. iShares S&P/ASX 20 ILC 0.24% S&P/ASX 20 Tracks the return of the S&P/ASX 20 Index. SPDR S&P/ASX 200 STW 0.13% S&P/ASX 200 Tracks the return of the S&P/ASX 200 Index. SPDR S&P/ASX 200 Esg E200 0.13% S&P/ASX 200 ESG Tracks the return of the S&P/ASX 200 ESG Index. SPDR S&P/ASX 50 SFY 0.29% S&P/ASX 50 Tracks the return of the S&P/ASX 50 Index. Vanguard Australian Shares Index VAS 0.10% S&P/ASX 300 Tracks the return of the S&P/ASX 300 Index.
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Last
36.5¢ |
Change
0.005(1.39%) |
Mkt cap ! $2.482B |
Open | High | Low | Value | Volume |
36.0¢ | 37.5¢ | 36.0¢ | $8.768M | 23.83M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1439618 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 357787 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3036 | 0.385 |
3 | 28000 | 0.380 |
4 | 31000 | 0.370 |
4 | 59166 | 0.360 |
15 | 850394 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 3392 | 1 |
0.335 | 6125 | 1 |
0.355 | 337976 | 2 |
0.360 | 408279 | 4 |
0.365 | 223886 | 3 |
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