here is the overwelming performance of enel against the italian stock mkt
today enel weights 19,3% of the index
on march 20 reshuffle day enel MUST be capped at 15% as per index rule
so enel will loose some 4% in weight , this means that for every basket long against the future or etf replicating the index 4% of the value will be sold in enel and will be bought in all the other stocks in the index in proportion of their weight.
so long ftsemib and short enel from today untill march 20 reshuffle day.
today enel weights 19,3% of the index
on march 20 reshuffle day enel MUST be capped at 15% as per index rule
so enel will loose some 4% in weight , this means that for every basket long against the future or etf replicating the index 4% of the value will be sold in enel and will be bought in all the other stocks in the index in proportion of their weight.
so long ftsemib and short enel from today untill march 20 reshuffle day.
Trade active:
enel mkt with iwf is around 50billion euro $% is 2 bn eur