Hi Johan, It' really hard to tell about both. There was a large drop (15% or so) on March the 20th and they dropped out on the 18th of March. I suppose that was it - I'd guess if as an index fund you hold the whole index you'd want to get rid of it asap. It's actually a fascinating question - how do the funds manage this situation since companies are falling out of (being added to) the index all the time. It might be better for the fund to not hold the absolute tail of the index and own the potential new tail - but perhaps they are not allowed to do that. In any case I'd think that that selling is now over. Re insider buying - there is not much official buying on the register and I have no idea about any outside of that.
Thoughts on how much of the selling pressure is due to index exclusion and have you got info on insider buying?
Hi Johan, It' really hard to tell about both. There was a large drop (15% or so) on March the 20th and they dropped out on the 18th of March. I suppose that was it - I'd guess if as an index fund you hold the whole index you'd want to get rid of it asap. It's actually a fascinating question - how do the funds manage this situation since companies are falling out of (being added to) the index all the time. It might be better for the fund to not hold the absolute tail of the index and own the potential new tail - but perhaps they are not allowed to do that. In any case I'd think that that selling is now over. Re insider buying - there is not much official buying on the register and I have no idea about any outside of that.
I'm a bit late in the response, but thank you!