Dow-ned but not out: Expulsion no body blow for GE shareholders
While the Dow index of 30 top-shelf U.S. corporations is arguably more well known, professional investors bet much more money on what happens to the S&P 500, an index in which the one-time leading U.S. company has only a tiny influence. GE’s drop from the Dow will thus likely not pose a risk of wide selling pressure by indexed investment funds. “There’s only a small group of investors who actually target their investing to the Dow Jones Industrial Average,” said Rick Meckler, a partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey.
Source:: https://finance.yahoo.com/news/dow-ned-not-expulsion-no-041151118.html
