It is curious. The index methodology which the ETF tracks is here (confirmed that the underlying index has also included WA1 as of May 1st). Presumably the committee considers Madura and/or the possibility of IOCG in West Arunta sufficient to satisfy criterion b) b. for the Selection Pool: "a company is expected to generate a significant part of its revenues in copper mining and/or closelyrelated activities (e.g. exploration or refining of copper) in the future". It seems Solactive, the index provider, and the ETF issuer, Mirae, work in close coordination, and I don't think the committee index inclusion and consequent large share purchase would have been done on a whim. Lastly, thought-provoking to see how a niche 2b USD AUM ETF taking a 50bps position in WA1 eats 1.6% of the share register. It will be an interesting period when other ETFs, particularly index trackers, need to build positions.
- Forums
- ASX - By Stock
- Broker Data
It is curious. The index methodology which the ETF tracks is...
-
- There are more pages in this discussion • 76 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 WA1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
$18.84 |
Change
0.000(0.00%) |
Mkt cap ! $1.155B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 625 | $19.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.90 | 10 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 625 | 19.180 |
1 | 52 | 19.100 |
1 | 1058 | 19.040 |
1 | 8 | 18.920 |
2 | 1550 | 18.910 |
Price($) | Vol. | No. |
---|---|---|
18.000 | 216 | 1 |
18.650 | 261 | 1 |
18.710 | 85 | 1 |
18.820 | 31 | 1 |
18.840 | 123 | 1 |
Last trade - 16.16pm 10/07/2024 (20 minute delay) ? |
Featured News
WA1 (ASX) Chart |
Day chart unavailable
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online