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[sharechat] Telecom- ASX indexing

From:	"John Schofield" <johns@interaction.co.nz>
Date:	Fri, 16 Mar 2001 10:51:39 +1300

It's been interesting watching TEL performing strongly over the last two days, following the news of their inclusion in the S&P top 50 ASX index.

From my (limited) understanding, this means that share funds linked to that index will automatically buy TEL stock up to a level calculated by a preset formula.

Does anyone know how long this index driven buying is likely to take, given current sales volumes? Is this kind of activity generally over in days, or does it take weeks for the indexed funds to buy their predetermined allocation?

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