Uh oh. Another Russell rebalance for Apple.

Look what happened the last time.

From Reuters:

“After dropping more than $200 billion in market capitalization in one year, Apple shares could fall further as they are set to lose their weighting and be reclassified in the annual reconstitution of the widely followed Russell indexes…

“With the changes, fund managers who are pegged to the index, including exchange-traded funds, will have to sell the stock to match the new, lower weighting.”

Not something any Apple investor needed on a day like this.

5 Comments

  1. John Kirk said:

    What a mess. I wish Apple was a private company. Then we could just focus on the company, not on investors’ opinion of the company.

    0
    June 24, 2016

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