Beagle.
We all look forward to your very best behaviour on this thread.
You are doing well.
No more hate barking,love,hate love etc.
Beagle.
We all look forward to your very best behaviour on this thread.
You are doing well.
No more hate barking,love,hate love etc.
:lol: :lol: :lol:
Winner - Can't believe I overlooked that, I must be slipping eh :) Just need to get some more shares on board and move down the other end of the tent where Couta1 and Percy are where the sun shines more brightly through the rose colored material then I'll have 20-20 vision :D
Hi Jay,
I am not sure if making it into the NZX 50 will have that much of an impact, well as far as index funds go anyway. Currently there are 2 index funds (listed) that would include TRA into their funds if it made the top 50. Those being FNZ and MDZ. They have a combined market cap of $537m. Lets be generous and say TRA would make up 1% of each of these funds (that is being very generous) that would mean a purchase on market of $5.37m worth of shares or about 1.7 million shares. I think that would be absorbed quite easily.
I just realised though, there may be other index funds that I am unaware of (not listed ones) that would also have to purchase under their arrangement. So yes it probably would have a benefit, maybe not as much as some think.
The biggest one maybe is that top 50 inclusion would put it on the radar for a few other funds as well....
Hmmm yes you make some good points blackcap. There probably aren't that many funds that track the NZX50 to make much of a difference.
I did find AMP have a NZ shares index fund, worth $560m.
"Aims to provide a return that closely matches the return of the S&P/NZX 50 Index (on a gross basis and including imputation credits)."
http://www.ampcapital.co.nz/investin...us/index-funds
Still, can't hurt getting onto the NZX50 for bigger exposure alone. It'd be an achievement for us :t_up: