> retirement funds would automatically buy into the IPO after 15 days
This is a misrepresentation of the rule change. The proposed S&P500 rule change was to decrease S&P inclusion time from 12 months to 6 months, not to 15 days.
> retirement funds would automatically buy into the IPO after 15 days
This is a misrepresentation of the rule change. The proposed S&P500 rule change was to decrease S&P inclusion time from 12 months to 6 months, not to 15 days.