Meme stock volatility and the limits of price-weighted indexes: James St. Aubin quoted in Reuters
In Reuters, CIO James St. Aubin discussed how the dramatic swings in Avis Budget shares exposed the structural limitations of price-weighted indexes like the Dow Jones Transportation Average, noting that a small company can disproportionately move a benchmark when weighting is based on share price rather than market capitalization.
Read the full piece on Reuters:
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