Russell Index reweighting will see $1.3B of AAPL stock sold, depress share value – Credit Suisse
Credit Suisse has predicted that a change to an index designed to help fund managers hold the right balance of stock to meet their goals is likely to see a net sell-off of AAPL shares to the tune of $1.3B. This scale of sales is expected to be large enough to cause a fall in the share price, reports Reuters.
The index concerned is known as the Russell Index, which classifies stocks as some mix of ‘growth’ and ‘value’ depending on their performance. Growth stocks are expected to generate higher returns at greater risk, while value stocks are those likely to generate lower returns at less risk. Apple is being reclassified as 92% growth and 8% value …
