Interesante el efecto de los fondos pasivos que replican indices. 580 millones de demanda "automatica" (habria el lunes) de acciones C por parte de los indices que replican el SP500, solo para reflejar el cambio que sera efectivo al finalizar la rueda de este viernes, ya qu ela ponderacion de C en el SP500 aumentara en 5.80 billones de acciones y estos fondos bobos replicantes automaticos del indice, representan un 10% del volumen de ese indice.
Es el articulo que tiene preparado Barrons para publicarse el sabado y hacerle el bocho a todo el mundo durante el fin de semana
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SATURDAY, DECEMBER 19, 2009
WEEKDAY TRADER EXTRA
Indexers Could Boost Citi
By ANDREW BARY | MORE ARTICLES BY AUTHOR
Swelling of supply of Citigroup shares from offering will require index funds to buy stock.
SHARES OF DEPRESSED Citigroup could get a boost today because of index-fund buying stemming from the bank's giant $17 billion equity offering on Wednesday.
Standard & Poor's will increase the number of Citigroup shares (ticker: C) reflected in its benchmark S&P 500 by 5.8 billion after the close of trading. With index funds controlling about 10% of the S&P 500, that could translate into demand for about 580 million Citi shares late today. However, some index funds may wait until Monday to buy Citi stock.
The index buying could give Citi a lift after they were hammered this week after its equity offering drew only weak demand. That offering came on the heels of a $12 billion deal from Wells Fargo. Citi shares were up four cents this morning to $3.24, but are down from $3.95 last Friday and $3.45 on Wednesday. During the summer, Citi shares topped $5 a share.
In addition to the $17 billion of common equity, Citi sold $3.5 billion of tangible-equity units. The proceeds will go toward repaying the government's $20 billion TARP investment in Citi.
Given the huge volume in Citi stock, the index buying may not have the same impact as it would for a more lightly-traded stock. Trading in Citi was enormous yesterday at 3.8 billion shares. The bank now has about 30 billion outstanding shares, including roughly 7.7 billion held by the federal government.
www.barrons.com
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Para cualquiera que diga que "con el diario del dia siguiente" cualquiera opera, bueno, si no se avivo aun, este articulo ES para el dia siguiente, pero todavia es HOY y el mercado ta abierto
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