KKR, Cloud Strike, and Go Daddy adopted for the S&P 500
Along with the quarterly weight change in the S&P 500 stock price index, investment fund KKR, cybersecurity-related Cloud Strike Holdings, and rental server Gordaddy will be added to the index.
According to S&P Dow Jones Indices's announcement on the 7th, the recruitment agency Robert Half, the financial holding company Comerica, and the genetic analysis Illumina will be eliminated from the S&P 500 due to replacement. The changes will take effect before the start of trading on June 24.
Now that passive investment funds are strengthening their dominance, adoption as a benchmark is becoming increasingly important for companies. Adoption into the S&P 500 can be a factor that boosts stock prices because it enhances corporate investment profiles and transaction liquidity.
According to S&P Dow Jones Indices's announcement on the 7th, the recruitment agency Robert Half, the financial holding company Comerica, and the genetic analysis Illumina will be eliminated from the S&P 500 due to replacement. The changes will take effect before the start of trading on June 24.
Now that passive investment funds are strengthening their dominance, adoption as a benchmark is becoming increasingly important for companies. Adoption into the S&P 500 can be a factor that boosts stock prices because it enhances corporate investment profiles and transaction liquidity.
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