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13,234 Posts.
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26/04/09
18:47
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Well Rajput
When a company is added to S&P all fund mamanger need to add it to their portfolie to follow the S&P Index. It is a basic rule.
However when a company is removed from S&P it get dumped badly by all those who follow S&P index.
Have a look at CFU. CFU got removed from S&P and it has dropped from 1.30 to 0.062 cents (obviously slowly slowly).
JUST LIKE "ALL ORDINARY" S&P is a fundamental tool.
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