Some background reading attached. msci-world-small-cap-index.pdf

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BP2137

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13/11/21

12:19

Post #: 57550185
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Originally posted by BP2137: ↑

The significance will depend on which funds track this index and what % of the index invested funds are related to ASM.

Vanguard Australia has a fund that tracks this index but does so excluding Australian stocks.

Vanguard International Small Companies Index Fund seeks to track the return of the MSCI World ex-Australia Small Cap Index (with net dividends reinvested) in Australian dollars before taking into account fees, expenses and tax.

If anybody can identify which funds are tracking this index and what value of ASM is required to maintain the ASM index rating it will give some indication of whether this is anything of significance. Perhaps post in reply to build up a list. Be aware that approx 96% of this index is ex-Australia stocks which means that all the Australian components in total are less than 4% and the ASM proportion of all Australian components may be small.

The top ranked fund in this index has a capitalisation of around 18 billion Euro but only comprises 0.24% of the index weight. If you assume that is around 20 times the capitalisation of ASM then the ASM weight in the index will be around 0.01%. Certainly if a there is a massive amount invested this around the world then (massive amount x 0.01%) might still be a significant number of ASM shares. So who can shed some light on the magnitude of the value of "massive amount" because it only might be 1 billion dollars in which case the required investment in ASM is less than the one transaction at 12:15:00 yesterday.

For a USD fund if you compare the current capitalisation of ASM in USD and match it with a similarily capitalised stock that is included in the current index the USD value of that component of the fund will give a rough estimate of the value of USD that fund would need to invest in ASM.

So to understand this post you need to DYOR and enjoy.

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Some background reading attached. msci-world-small-cap-index.pdf

ASM Price at posting: $12.30 Sentiment: Hold Disclosure: Held
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Some background reading attached. msci-world-small-cap-index.pdf

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Some background reading attached. msci-world-small-cap-index.pdf

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