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> Is there more global access to the US market? Does capital flow with less friction to it? Yes, and yes. > What about indexes? If they qualify for NASDAQ or
by Galanwe 3y ago
> Is there more global access to the US market? Does capital flow with less friction to it?
Yes, and yes.
> What about indexes? If they qualify for NASDAQ or some other major index, there's some "mandatory" investment that gets triggered by a bunch of funds that do index tracking.
NASDAQ is an exchange, not an index.
The most prominent index on NASDAQ is the QQQ, the top 100 stocks,market cap weighted.
But this is the big boy playground, the smallest stocks in QQQ should have at least $400B marketcap. ARM by the most optimistic estimation should be 1/10th of that.
- throw0101b 3y ago> The most prominent index on NASDAQ is the QQQ, the top 100 stocks,market cap weighted. QQQ is an index fund: * https://en.wikipedia.org/wiki/Invesco_QQQ https://en.wikipedia.org/wiki/Invesco_QQQ That follows the Nasdaq-100 index: * https://en.wikipedia.org/wiki/Nasdaq-100 https://en.wikipedia.org/wiki/Nasdaq-100 There are other funds that track it too from companies other than Invesco.
- Galanwe 3y agoRight, right, you're 100% correct. To further explain, in most financial jargon, one often call an index by its (historically) most traded tracking fund. That is, the NASDAQ 100 is often called the QQQ, the S&P 500 is often called "spider" (SPDR), etc. But you're 100% right, in a comment about vocabulary, jargon has no place.
- sgerenser 3y agoArm would definitely qualify for the Nasdaq 100 index. I don’t know where you’re getting the $400B market cap minimum, but the current index includes Zoom (19.7B), Walgreens (23.3B) and eBay (22.8B), among many other companies well below $40B (let alone $400B) market cap.
- Galanwe 3y agoDamn you're right. I should have stayed in bed today.