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It's news because of index funds, that now must rebalance by selling T and buying AAPL. Otherwise, I agree completely that the DJIA is becoming a bit of an ana
by 3am 12y ago
It's news because of index funds, that now must rebalance by selling T and buying AAPL.
Otherwise, I agree completely that the DJIA is becoming a bit of an anachronism.
- jcdavis 12y agoIts hard to quickly find an exact number, but the market cap of ETF's / mutual funds that follow the DJIA is pretty small (for understandable reasons) - the largest I can find is $12B (DIA)