The DNZ Property Fund will be added to the NZX 50, replacing New Zealand Farming Systems Uruguay (NZS), which drops off after its takeover by Olam.NZS will be removed because it ranks below 65th, following the recent acquisition of a 78% stake by Olam.Ran
The DNZ Property Fund will be added to the NZX 50, replacing New Zealand Farming Systems Uruguay (NZS), which drops off after its takeover by Olam.
NZS will be removed because it ranks below 65th, following the recent acquisition of a 78% stake by Olam.
Ranking for the NZX 50 is by NZ Free Float Market Capitalisation, from which large strategic holdings are excluded.
DNZ listed on the NZX on August 16.
The index changes announced today will be implemented after market close on Friday October 15 and will come into effect on Monday October 18.
