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ForbesSpaceX could join the Nasdaq-100 index within weeks of its recent IPO. Inclusion would add the company to certain exchange-traded funds that track the index.
FortuneNasdaq changed its rules to let some large companies join the Nasdaq 100 index after 15 trading days instead of waiting for an annual review. The change affects index funds that track the Nasdaq 100, including the Invesco QQQ exchange-traded fund.
Nasdaq implemented new fast-entry rules this month that will allow passive funds to buy shares of SpaceX, OpenAI, and Anthropic shortly after they go public. JPMorgan estimates that index rebalancing could require selling $95 billion of existing large-cap technology stocks.
pandaily.comThe investing giant synonymous with cheap funds that track indexes is looking to change that approach, according to an exclusive report. Vanguard Group has long been defined by its low-fee passive investment products. The shift marks a potential evolution for one of the world's l…