You will begin to see increased MOC activity over the coming days as we approach what is usually the largest MSCI rebalance of the year. Managers are more willing over the past few years to begin rebalancing trading set ahead of the final day of implementation. FMG will be a net buy, as it will when the S&P200 rebalances in a few weeks.
Note too that FMG is in a few dividend/yield funds and ETF's, the largest being Vanguard ($2.25bn market cap). I'm guessing that the weighting will increase given it is a standout name, seem to be about 4.3% of that Fund's weighting. Others have them too...SSgA, IShares, Russell, Betashares....assuming they are applying similar screens to find higher yielding shares.
Big Dividend will set FMG apart from the rest ., page-138
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |