AVZ Discussion 2022

[Bray]

Could today be the last day of fuckery for the big dogs? who knows.
All i know is AVZ is testing everyones patience.

On a side note.. IXR doing well today making up for AVZs lack of progress

Have a good friday everyone!

 

[Winenut]

Interesting it was pushed down in the first hour to 82.5 and has now rebounded back to 87.5 in what seems like 10 mins

Does my head in

Nice and sunny here, not much wind.....think I'll go fishing and come back to watch the closing auction!

 

[JAG]

 

[Winenut]

View attachment 2764

I can feel my party hat gettin' ready

 

[Frank]

View attachment 2764

Bounce Baby Bounce - Higher and Higher Baby

 

[Winenut]

Could the funds be trying to quietly sneak a few in before the closing auction???

 

[Winenut]

Actually bit of a question.

Do the index funds have to "wait" for the closing auction to purchase their required shares?

Or can they purchase the required shares anytime "prior" to the closing auction

My understanding is they have to closely track the index performance so does that compel them to only buy in the auction to mitigate risk of not tracking close enough???

Maybe I should DMOR instead of being lazy....

I think old Donegaldemon knows a bit but not sure he's got eyes on this forum

 

[JAG]

Actually bit of a question.

Do the index funds have to "wait" for the closing auction to purchase their required shares?

Or can they purchase the required shares anytime "prior" to the closing auction

My understanding is they have to closely track the index performance so does that compel them to only buy in the auction to mitigate risk of not tracking close enough???

Maybe I should DMOR instead of being lazy....

I think old Donegaldemon knows a bit but not sure he's got eyes on this forum

I thought you were goin fishin

 

[Winenut]

Man I think the 90c line just got SMASHED!

 

[Winenut]

I thought you were goin fishin

I was....but the bloody wind came up!

I'm a fair weather on the fishing side

Hate the wind

 

[Mickyb64]

Actually bit of a question.

Do the index funds have to "wait" for the closing auction to purchase their required shares?

Or can they purchase the required shares anytime "prior" to the closing auction

My understanding is they have to closely track the index performance so does that compel them to only buy in the auction to mitigate risk of not tracking close enough???

Maybe I should DMOR instead of being lazy....

I think old Donegaldemon knows a bit but not sure he's got eyes on this forum

Hi Nut,

This was Donegaldemon's anwser to a similiar question on HC..

The Index does not do anything, it is simply a representation of performance / return of certain assets. The funds or money under management or ETF's that track these indices are mandated to track this index without any slippage. When a stock is included in a index on a certain date like today's case for AVZ, any funds,ETF's who track the ASX200 &300 have to buy on the closing print today because as of monday AVZ is now part of this index. If they miss buying today on the closing print price and to give an example AVZ goes up 100% on Monday and AVZ's weight in the asx 200 index was 5%, the funds /ETF's would have underperformed asx 200 by 5%. This is not acceptable for passive tracking funds or ETF's.

Hope this helps explain ,,

 

[Bull Market]

Back up to the early 90’s.

 

[JAG]

 

[Winenut]

Hi Nut,

This was Donegaldemon's anwser to a similiar question on HC..

The Index does not do anything, it is simply a representation of performance / return of certain assets. The funds or money under management or ETF's that track these indices are mandated to track this index without any slippage. When a stock is included in a index on a certain date like today's case for AVZ, any funds,ETF's who track the ASX200 &300 have to buy on the closing print today because as of monday AVZ is now part of this index. If they miss buying today on the closing print price and to give an example AVZ goes up 100% on Monday and AVZ's weight in the asx 200 index was 5%, the funds /ETF's would have underperformed asx 200 by 5%. This is not acceptable for passive tracking funds or ETF's.

Hope this helps explain ,,

Thanks Micky

Appreciate that

Yes ol Donegal indicates they "have" to buy on the closing print (I assume auction)

I'll do a bit more digging as well to double check exactly what they (the index funds) can and can't do and when in relation to the rebalance

All good learning!

Cheers

 

[Samus]

Is today the day......the rebalance....Felix and Nige together......... could we see that elusive ML next week

View attachment 2751

Fucking hope so Jag!
Bring on the ML ffs!!!

 

[JAG]

Fucking hope so Jag!
Bring on the ML ffs!!!

I'm tipping Monday TH with ML released Wednesday......

 

[Samus]

I'm tipping Monday TH with ML released Wednesday......

Enough is enough, time to get moving.

 

[Pokok]

Thanks Micky

Appreciate that

Yes ol Donegal indicates they "have" to buy on the closing print (I assume auction)

I'll do a bit more digging as well to double check exactly what they (the index funds) can and can't do and when in relation to the rebalance

All good learning!

Cheers

Hi nut please put all in writing as I want to also go fishing it will give me extra time on the water if you do the research

 

[JAG]

Well, time to bring out the popcorn and watch the fun.....

 

[Samus]

Hopefully someone has the foresight to buy up big and make those instos pay for their position.