The NASDAQ 100 Rebalances With Apple Losing and Google and Microsoft Winning
The Nasdaq-100 index will be rebalanced on May 2, to reduce the weight of Apple’s stock by about 40%.
The NASDAQ-100 weighted index, which reflects the stocks of 100 of the top Nasdaq stocks, meaning that the index does not own an equal amount of all stocks.
Apple currently represents 20.5% of the index.
On May 2, Apple weight will be reduced to 12.3%.
Of course where there are losers, there are winners, so the rebalancing will increase the weight of other tech stocks, including Microsoft and Google.
On May 2, Microsoft will make up 8.3% of the index, more than double its current share of 3.4%.
Google weight in the index will rise to 5.8% from 4.2%.
There are mutual funds Exchange Traded Fund (EFT) that mimic the NASDAQ 100, so what this means is you will immediately see Apple shares sold and Microsoft and Google shares bought by the funds that need to match the weight of the NASDAQ 100.
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Nasdaq 100 is an index, not an exchange traded fund. But there are ETFs that use the index.
Apple still seems to have a very large weight in the index
Andrew
Thanks post corrected and clarified
“Nasdaq 100 is an index, not an exchange traded fund.”
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