If Mr Beagle would be so kind to attatch the info page I sent him a while back, that would be good? PS-I must learn how to do that.
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As a starter:
The MSCI world index, which is part of the modern index strategy, is a broad global equity index that represents large and mid-cap equity performance across 23 developed markets countries. It covers about 85% of the free float-adjusted market capitalisation in each country.
The MSCI world index does not offer exposure to emerging markets.
Thanks for your reply, I understand what the MSCI is but dont understand "A2 will have about 30% of the total pie once added which means the other constituents are going to have to be sold down to keep the pie at 100%, should be a few bargins available on May 31st." I could not believe the total pie is the entire MSCI.
Thanks mate, basically nzsharetrade,MCY had a 6.55% weighting in the NZ index, A2 will replace it with an approximate 30% weighting, to keep the pie at 100% some serious reshuffling needs to occur(The NZ pie is made up of 7 constituents or slices) Currently FPH has the biggest slice of the pie at 22.26%.
As I see it with the market cap of ATM it will go to the head of the list and the others will all come down a bit with Mercury falling out.
That's how I have observed these things playing out before. Its not just the change of ATM and Mercury, the others get reweighted as well which as discussed could throw up an interesting buying opportunity.