S&P Dow Jones Indices' Carillion mistake results in ETF investor losses
Should have been removed in December 2017
SPDJI index mistake results in Carillion losses
An indexing error by S&P Dow Jones Indices led to losses for a number of ETF investors after it failed to remove Carillion in December 2017 from one of its indices.
The S&P UK High Yield Dividend Aristocrats index should have cut Carillion in its December rebalance, however, this did not take place. The construction company issued three profit warnings since last...
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