S&P 500 rebalancing puts $27 trillion in tracking funds in focus

Bloomberg ETF IQ guests said 36 companies appear to qualify for entry while more than 110 current members may no longer meet the market-cap threshold.

The S&P 500’s upcoming rebalancing could affect funds tracking nearly $27 trillion in the index, according to Bloomberg.

The index is scheduled to announce additions and removals on Friday. Thirty-six companies appear to qualify for entry, while more than 110 existing members no longer meet the market-cap hurdle, Bloomberg reported.

Brooks Cutright, a portfolio manager at Hedgeye Asset Management, discussed the rebalancing on Bloomberg ETF IQ with Scarlet Fu and Eric Balchunas.

The index changes are expected to draw attention from investors seeking to anticipate which companies will be added or removed from the benchmark.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

The S&P 500’s upcoming rebalancing could affect funds tracking nearly $27 trillion in the index, according to Bloomberg.

Brooks Cutright, a portfolio manager at Hedgeye Asset Management, discussed the rebalancing on Bloomberg ETF IQ with Scarlet Fu and Eric Balchunas.

The index changes are expected to draw attention from investors seeking to anticipate which companies will be added or removed from the benchmark.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.