An index fund holds the securities of an index in the index’s weights, so that its trades follow the index’s changes rather than any view of the securities. A rank day is the date on which a rules-based index measures the characteristics (capitalisation, float, liquidity) that decide its membership at the next reconstitution.
Quantitative Finance · Glosario
¿Qué es Index fund, rank day?
También llamado: index fund · rank day