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In this case, I believe you are wrong. The change was specifically made
to better reflect the markets, by making the S&P 500 more of a US index.
The benchmarking of equity indices for institutions, hedge funds, money
managers, etc. is big business for S&P, DJ and MS. The stocks removed
from the index are important components of other geographic segments,
and were an issue for index traders and investors.
If 'to stimulate business' can also mean 'to serve customers better',
then perhaps we agree.
Regards
DanG
ira wrote:
>
> Isn't it strange the industries that they removed and the ones that they
> replaced them with? It always amuses me when they change the make up of an
> index. It is usually done to stimulate business and not to better reflect
> the markets. Thank you for the information. Have a good week end. Ira
> ----- Original Message -----
> From: "Ian Cunningham" <cuncom@xxxxxxxxx>
> To: "ira" <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, July 12, 2002 5:38 AM
> Subject: Re: [RT] S&P 500
>
> > Hello ira,
> >
> > Thursday, July 11, 2002, 5:43:45 PM, you wrote:
> >
> > i> The powers have done it again. They don't like the results they see,
> so they change
> > i> the playing field. The S&P 500 has had a bunch of stocks replaced.
> Which ones they
> > i> are I don't know at this time. I wonder when they will change the Dow
> and the Nasdaq
> > i> 100 make up again. good trading. Ira.
> >
> > * In the news, Standard & Poor's announced that it will purge seven
> > companies not based in the U.S. from its S&P
> > 500 Index and replace them with seven domestic firms, as it adjusts the
> > index to better reflect the performance of
> > U.S. large-capitalization issues. Unilever, Royal Dutch Petroleum, Nortel
> > Networks, Alcan, Barrick Gold, Placer
> > Dome and Inco have been identified as those being banished, with United
> > Parcel Service, Goldman Sachs, eBay,
> > Electronic Arts, Prudential, Principal Financial and Sunguard Data named
> as
> > the replacements. The move is
> > scheduled to occur after the close on July 19.
> >
> > --
> > Best regards,
> > Ian mailto:cuncom@xxxxxxxxx
> >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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> >
> >
>
>
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