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Technology Stocks : Ascend Communications (ASND)
ASND 208.59+4.1%Dec 4 3:59 PM EST
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To: Ed K who wrote (48343)6/8/1998 8:41:00 PM
From: gbh  Read Replies (2) of 61433
 
Ed, but ASND market cap changes constantly, as do the market caps of each stock that makes up the index. Does this mean that the index fund managers are constantly buying and selling shares (each day) to keep the ratios matched. I know these funds charge very low fees, and match performnce with the index almost perfectly. This leads me believe that the index is not weighted to cap market. But I'm not sure.

Gary
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