This may be helpful.
https://www.investopedia.com/article...7/fw_index.asp
https://www.investopedia.com/terms/p...einvesting.asp
https://www.investopedia.com/terms/a...index_fund.asp
It would seem there are many different ways of doing this and invariably most involve a manager of some sort.
I think there would be very few with a binary yes/no/ = in/out precipitated by a list inclusion/deletion of a completely passive fund determined on the actual date of inclusion/deletion.
This inclusion is not done and dusted as yet and I believe hinges on an approval regarding the company under deletion so there is that to consider.
Imagine the fracas if a passive fund bought massively into PEB prior to confirmation, the deal fell through, and the current incumbent remained in place.
Tricky isnt it.
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