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
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $2.857B |
Open | High | Low | Value | Volume |
42.5¢ | 43.0¢ | 40.5¢ | $55.01M | 131.2M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 136340 | 41.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 2109264 | 10 |
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No. | Vol. | Price($) |
---|---|---|
3 | 136340 | 0.415 |
19 | 2303463 | 0.410 |
13 | 693056 | 0.405 |
34 | 723622 | 0.400 |
12 | 343937 | 0.395 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 735494 | 1 |
0.425 | 1741878 | 18 |
0.430 | 1937932 | 12 |
0.435 | 1953423 | 14 |
0.440 | 1484830 | 12 |
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