There will be a test of sorts at the closing auction on Friday...

There will be a test of sorts at the closing auction on Friday night, at least in the short term. The added exposure can be a two edged sword.

Not all fund managers or institutions will view AJX through an investment prism.There are some who may use the added exposure opportunistically for short term gain or to pump up their results and the fastest way is going short. I have been through this before and it can be pretty volatile in the early stages, particularly at the auction and in the following couple of days. So it could be bumpy.

Not trying to rain on anyone's parade but merely pointing out that there could be some short term moves and to keep the longer term positive outlook in mind. It would be easy to be shaken out on a surprising short term move in the wrong direction.