Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
In Practice November 16, 2010
GM Will Get Wilshire 5000 Slot with IPO
If General Motors completes its initial public offering on or
before, November 19, 2010, it will be added to the Wilshire 5000 Total
Market Index, effective after U.S. markets close on that
date.
Reported by Fred Schneyer
A Wilshire Associates news release said the inclusion will be in conjunction with the regular monthly additions and deletions of the Wilshire 5000.
“Since its 1974 inception, the Wilshire 5000 Total Market Index has been designed to be a pure and complete representation of the total U.S. equity market,” said David Hall, senior managing director, Wilshire Associates and head of Wilshire Equity Analytics. “A rules-based index, the Wilshire 5000 does not need to make special accommodations for early entry of large IPOs. Stock additions have always been made monthly for U.S. companies with readily available price data.”