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Technology Stocks : ADC Telecommunications
ADCT 3.510-0.6%Dec 26 9:30 AM EST

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To: bronco2 who wrote (1099)10/2/2000 3:49:25 PM
From: BWAC  Read Replies (1) of 1944
 
Yeah, I can try to explain that. The S&P indexes are market capitalization weighted. ADCT is increasing its market cap by the shares being issued, thus to hold X% in the index weighting the funds must purchase a little more.

Which brings up the foolishness of index funds. They HAVE to buy and sell certain things WITHOUT REGARD to price or valuation.
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