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It's also a tiny effect given the total-market funds buy small amounts of each company, and the NASDAQ 100 isn't particularly big. If S&P had changed its rules
by JumpCrisscross 4mo ago
It's also a tiny effect given the total-market funds buy small amounts of each company, and the NASDAQ 100 isn't particularly big.
If S&P had changed its rules for the S&P 500, there would have been an effect. In the end, the drama was almost entirely a spectacle for finance influencers and their viewers.
- kurthr 4mo agoQQQ is the largest of the Nasdaq100 tracking funds. It's only about 1%, increasing to 4% of the QQQ, which is ~$350B in size. So it's only $3.5B of forced buying or a little less that 5% (of $75B). For the second float would be and additional ~$14B, again about 5%.