Pouya Behmaram

I study who gets forced to buy your stocks, and what it does to the price. Finance prof @ UQAM. Index funds, passive money and the plumbing that moves markets.

[Pouya Behmaram @PouyaBehmaram]

Really enjoyed this from @FTAlphaville. I measured it in actual fund holdings
and the picture shifts: index funds do nearly all the forced buying, active
managers barely move, so the real bid is closer to $9bn than $14bn. What it
does to the price:
https://t.co/NpJkInPWuW

[FT Alphaville @FTAlphaville]

Not having an opinion on SpaceX is going to cost you https://t.co/VxiK0p8HOz

[Pouya Behmaram @PouyaBehmaram]

6/6
Full piece, with the method, the formulas and the honest caveats:
https://t.co/NpJkInPWuW

Built on two research papers:
https://t.co/lNj8u7GAH1
https://t.co/nXMIfkXaKT

[Pouya Behmaram @PouyaBehmaram]

1/6
SpaceX goes public today at $1.77tn. Over the next three weeks, index funds
will be forced to buy about $9 billion of it, at whatever price the market
sets.

Who actually buys, how much, and what it does to the price:

[Pouya Behmaram @PouyaBehmaram]

5/6
One catch. In 490 past S&P 500 additions, the premium peaks about a month
after inclusion and mostly fades within a year. And most of the move arrives
before the formal dates, not on them.

Tesla rose for weeks into inclusion, then fell 6% the day index funds bought.

[Pouya Behmaram @PouyaBehmaram]

@kky_KuroKy We all believe in you, hope to see all of you guys in the upcoming majors.

[Pouya Behmaram @PouyaBehmaram]

@Arteezy Keep it up Artour, no matter where you are we all believe in you.

[Pouya Behmaram @PouyaBehmaram]

@aceresport @DOTA2

[The Wall Street Journal @WSJ]

Fake campaign ads mock Toronto Mayor Rob Ford during his bid for re-election: http://t.co/koDObFssqH (Reuters)

[Pouya Behmaram @PouyaBehmaram]

@TobiWanDOTA #TI3courier