In today’s briefing:
- MV US Listed Semiconductor 25 Index Rebalance: Round-Trip Trade Over US$1.2bn
MV US Listed Semiconductor 25 Index Rebalance: Round-Trip Trade Over US$1.2bn
- There are no constituent changes for the VanEck Vectors Semiconductor (SMH US) ETF in March but there are a lot of float and capping changes.
- Estimated one-way turnover is 3% resulting in a round-trip trade of US$1.2bn. Impact on the stocks is small given they are highly liquid.
- There is expected to be US$600m to sell in Broadcom from the Technology Select Sector and Invesco S&P500 Equal Weight ETFs at the same time as the selling from VanEck Vectors Semiconductor.
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