Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Vanguard's Index Move Triggers a $1B Stock Buy Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 29, 2012

Vanguard's Index Move Triggers a $1B Stock Buy

News summary by MFWire's editors

The ongoing evolution of Vanguard's [profile] indexing has had another big impact on the financial world-- this time for Berkshire Hathaway, reports Allan Roth for CBS News.

The Vanguard Total Stock Index fund will buy $1 billion worth of Berkshire stock.

The move results from an October 2 announcement that the giant index fund company is changing index providers for 22 of its index funds: from MSCI to FTSE and the University of Chicago's CRSP.

Berkshire has two different share classes, but MSCI included only the B share and left out the A share. Since Berkshire's total value comprises both share classes, the CRSP index includes both. The additional purchase represents about 0.5 percent of Berkshire shares.

To read more about the change, go to the CBSNews article. 

Edited by: HFD



Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use