Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.59

+4.1%

3:59 PM EST

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To: Michael Harb who wrote (48327)	6/8/1998 8:27:00 PM
From: gbh	Read Replies (1) of 61433

I believe I heard something to the effect on CNBC that S&P Index funds couldn't or didn't have to begin adding ASND until July 1. The goal of these funds is to exactly mimic the performance of the S&P 500. On Thursday, the make-up of the index changes. There would be no "rule" that says any fund has until 7/1 "to begin adding", other than what might be written in the fund prospectus/charter. These funds will all try to "mimic" as quickly as possible, I would think. Gary

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