|
|
Article: Sizeable changes in big cap weightings.
- Article from:
- Australasian Business Intelligence
- Article date:
- August 20, 2001
CopyrightCOPYRIGHT 2001 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Aug 21, 2001 (The Australian Financial Review
ABIX via COMTEX) -- In the year to August 2001 the decline in technology stock has influenced the way fund managers handle their portfolios. Groups such as News Corporation and Telstra have had their weighting on the S&P/ASX 20 Leaders Index reduced as a result of the breaking of the "dot com bubble", and funds have tended to be placed into "defensive stock" such as Woolworths and the National Australia Bank. Telstra's weighting on the S&P/ASX 20 has fallen around 34 per cent from its value of 11.31 in August 2000.
STANDARD AND POOR'S AUSTRALIAN STOCK
EXCHANGE ASX 20 INDEX:
AUSTRALIAN STOCK EXCHANGE ALL
...