RE:RE:RE:Same old rinse and repeat from No way. Serious index selection criteria are strictly based on PAST quantitative performance, like volume, global value with minumum requirements, etc. Nothing to do, as you say, with mgr feeling about FUTURE performance. So do not see more that it mean. You are confusing index fund with large institutional investors selection criteria...which are indeed a vote of confidence in FUTURE stock performance. Note that PYR has ZERO large institutional investors. Not surprisingly !
HARJAY wrote: So if the daily sells or purchases of a stock in an index have nothing to do with how that index mgr. feels about that co. how did that stockk get included in the index in the first place. After all an index fund doesn't own every singe stock in a sector . It used a critteria to pick the stocks that they i presume eltt were the best to own or they felt had the best potential of all the stocks in that sector..