is replacing PSEC on the S&P SmallCap 600 where is PSEC going.
What matters in the end is the company and not an artificial index. This is a buying opportunity.
yup, nothing to see here. added to my position yesterday.
BDC's dropped from S&P indices due to accounting mumbo jumbo. Screw S&P. Don't need them
PSEC is going nowhere. All BDCs are leaving the S&P indices but they are creating an index solely for BDCs. the symbol is SPBDCUP. Google it.
look up ... BIDZ
already have an index for all BDC's........................BDCL
...which could mean that an ETF will be created to invest only in BDC's and institutions will start buying BDC's again.
Buy low and reinvest...
That's good news. So it sounds like the S&P will still track these stocks.
Will this cause institutional investors to sell?
GOING STAY ON THE nasdaq