This Stock's a Cautionary Tale of the Risks of Passive Investing

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This Stock's a Cautionary Tale of the Risks of Passive Investing

Bloomberg2021-08-12

Do you own shares of Perennial Energy Holdings Ltd.? You might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure...

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koolgal
·2021-08-13
Is passive investing better than active investing?
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- koolprofit:
  correct, mixture of both is healthy !!
  2021-08-13
  Reply
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- JQJQReplying tokoolgal:
  ??????
  2021-08-13
  Reply
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- koolgal:
  Thanks??
  2021-08-13
  Reply
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RoarLionRoar
·2021-08-12
MSCI crap
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xiaoming1
·2021-08-12
Oko
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2
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JackChong91
·2021-08-12
Ok
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3
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- BraveAAC:
  yes ok
  2021-08-12
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OO_898
·2021-08-12
Like
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7
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- ZeXiang:
  Done
  2021-08-12
  Reply
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eleele
·2021-08-12
Like
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9
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- FookChia:
  Ok
  2021-08-12
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Fooyj898
·2021-08-12
Like
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4
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- JackChong91:
  ok
  2021-08-12
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Pluto891
·2021-08-12
dump ... scams
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1
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ColeHii
·2021-08-12
Lasted.
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- T0000024852:
  hi
  2021-08-12
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- miaomee:
  Pls hlp to like and comment
  2021-08-12
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- Yappie830:
  Ok
  2021-08-12
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Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02798","symbol_name":"久泰邦达能源","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing","article_id":"1134744863","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1134744863","pubTimestamp":1628779302,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. 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Shares of the company, based in&nbsp;China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.</p>\n<p>But shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its&nbsp;inclusion in the benchmark index.&nbsp;Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.</p>\n<p>And so, the inevitable has happened. 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Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02798":"久泰邦达能源"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134744863","content_text":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total exposure) through passive vehicles.\nThe Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.\nBut shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its inclusion in the benchmark index. Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.\nAnd so, the inevitable has happened. 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<u>too</u>"}],"langContent":"EN"},{"id":894981083,"gmtCreate":1628782386942,"gmtModify":1676529854946,"author":{"id":"4089549058639000","authorId":"4089549058639000","name":"RoarLionRoar","avatar":"https://static.tigerbbs.com/acf1b92090d515ae9f135d5b65ef3fc4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4089549058639000","idStr":"4089549058639000"},"htmlText":"MSCI crap","listText":"MSCI crap","text":"MSCI crap","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894981083","repostId":1134744863,"repostType":4,"repost":{"id":"1134744863","pubTimestamp":1628779302,"share":"https://ttm.financial/m/news/1134744863?lang=&edition=fundamental","pubTime":"2021-08-12 22:41","market":"hk","language":"en","title":"This Stock's a Cautionary Tale of the Risks of Passive Investing","url":"https://stock-news.laohu8.com/highlight/detail?id=1134744863","media":"Bloomberg","summary":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinati","content":"<p>Do you own shares of Perennial Energy Holdings Ltd.?</p>\n<p>You might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as&nbsp;you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total&nbsp;exposure) through passive vehicles.</p>\n<p>The Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in&nbsp;China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.</p>\n<p>But shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its&nbsp;inclusion in the benchmark index.&nbsp;Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.</p>\n<p>And so, the inevitable has happened. Overnight, MSCIannounced&nbsp;that it was removing the company&nbsp;from the index.</p>\n<p>The exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.</p>\n<p>Perennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.</p>\n<p><img src=\"https://static.tigerbbs.com/983d8bd88798359d8c5dfdaf797a0c7d\" tg-width=\"1000\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Stock's a Cautionary Tale of the Risks of Passive Investing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Stock's a Cautionary Tale of the Risks of Passive Investing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02798":"久泰邦达能源"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134744863","content_text":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total exposure) through passive vehicles.\nThe Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.\nBut shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its inclusion in the benchmark index. Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.\nAnd so, the inevitable has happened. Overnight, MSCIannounced that it was removing the company from the index.\nThe exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.\nPerennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894990484,"gmtCreate":1628780647248,"gmtModify":1676529854075,"author":{"id":"3583115173057099","authorId":"3583115173057099","name":"xiaoming1","avatar":"https://static.tigerbbs.com/ac37184a3e43827b0c0629f6fda7ea11","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3583115173057099","idStr":"3583115173057099"},"htmlText":"Oko","listText":"Oko","text":"Oko","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894990484","repostId":1134744863,"repostType":4,"repost":{"id":"1134744863","pubTimestamp":1628779302,"share":"https://ttm.financial/m/news/1134744863?lang=&edition=fundamental","pubTime":"2021-08-12 22:41","market":"hk","language":"en","title":"This Stock's a Cautionary Tale of the Risks of Passive Investing","url":"https://stock-news.laohu8.com/highlight/detail?id=1134744863","media":"Bloomberg","summary":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinati","content":"<p>Do you own shares of Perennial Energy Holdings Ltd.?</p>\n<p>You might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as&nbsp;you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total&nbsp;exposure) through passive vehicles.</p>\n<p>The Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in&nbsp;China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.</p>\n<p>But shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its&nbsp;inclusion in the benchmark index.&nbsp;Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.</p>\n<p>And so, the inevitable has happened. Overnight, MSCIannounced&nbsp;that it was removing the company&nbsp;from the index.</p>\n<p>The exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.</p>\n<p>Perennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.</p>\n<p><img src=\"https://static.tigerbbs.com/983d8bd88798359d8c5dfdaf797a0c7d\" tg-width=\"1000\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Stock's a Cautionary Tale of the Risks of Passive Investing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Stock's a Cautionary Tale of the Risks of Passive Investing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02798":"久泰邦达能源"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134744863","content_text":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total exposure) through passive vehicles.\nThe Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.\nBut shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its inclusion in the benchmark index. Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.\nAnd so, the inevitable has happened. Overnight, MSCIannounced that it was removing the company from the index.\nThe exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.\nPerennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894904689,"gmtCreate":1628780557741,"gmtModify":1676529854019,"author":{"id":"3581563743188197","authorId":"3581563743188197","name":"JackChong91","avatar":"https://static.tigerbbs.com/f4460f6b09d4939c9db3fec40c248606","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3581563743188197","idStr":"3581563743188197"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/894904689","repostId":1134744863,"repostType":4,"repost":{"id":"1134744863","pubTimestamp":1628779302,"share":"https://ttm.financial/m/news/1134744863?lang=&edition=fundamental","pubTime":"2021-08-12 22:41","market":"hk","language":"en","title":"This Stock's a Cautionary Tale of the Risks of Passive Investing","url":"https://stock-news.laohu8.com/highlight/detail?id=1134744863","media":"Bloomberg","summary":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinati","content":"<p>Do you own shares of Perennial Energy Holdings Ltd.?</p>\n<p>You might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as&nbsp;you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total&nbsp;exposure) through passive vehicles.</p>\n<p>The Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in&nbsp;China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.</p>\n<p>But shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its&nbsp;inclusion in the benchmark index.&nbsp;Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.</p>\n<p>And so, the inevitable has happened. Overnight, MSCIannounced&nbsp;that it was removing the company&nbsp;from the index.</p>\n<p>The exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.</p>\n<p>Perennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.</p>\n<p><img src=\"https://static.tigerbbs.com/983d8bd88798359d8c5dfdaf797a0c7d\" tg-width=\"1000\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Stock's a Cautionary Tale of the Risks of Passive Investing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Stock's a Cautionary Tale of the Risks of Passive Investing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02798":"久泰邦达能源"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134744863","content_text":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total exposure) through passive vehicles.\nThe Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.\nBut shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its inclusion in the benchmark index. Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.\nAnd so, the inevitable has happened. Overnight, MSCIannounced that it was removing the company from the index.\nThe exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.\nPerennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5508273,"gmtCreate":1628780805535,"gmtModify":1663232287843,"authorId":3581993954812723,"author":{"id":3581993954812723,"idStr":"3581993954812723","authorId":3581993954812723,"name":"BraveAAC","avatar":"https://static.tigerbbs.com/5a1e3a611a362857570052e45ff04ad3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":894904689,"type":1,"supId":0,"prevId":0,"content":"yes <u>ok</u>","text":"yes <u>ok</u>","html":"yes <u>ok</u>"}],"langContent":"EN"},{"id":894909676,"gmtCreate":1628780275595,"gmtModify":1676529853859,"author":{"id":"3582969710070724","authorId":"3582969710070724","name":"OO_898","avatar":"https://static.tigerbbs.com/9fb3c360d5d7711641a868a144192fc7","vip":1,"crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3582969710070724","idStr":"3582969710070724"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/894909676","repostId":1134744863,"repostType":4,"repost":{"id":"1134744863","pubTimestamp":1628779302,"share":"https://ttm.financial/m/news/1134744863?lang=&edition=fundamental","pubTime":"2021-08-12 22:41","market":"hk","language":"en","title":"This Stock's a Cautionary Tale of the Risks of Passive Investing","url":"https://stock-news.laohu8.com/highlight/detail?id=1134744863","media":"Bloomberg","summary":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinati","content":"<p>Do you own shares of Perennial Energy Holdings Ltd.?</p>\n<p>You might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as&nbsp;you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total&nbsp;exposure) through passive vehicles.</p>\n<p>The Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in&nbsp;China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.</p>\n<p>But shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its&nbsp;inclusion in the benchmark index.&nbsp;Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.</p>\n<p>And so, the inevitable has happened. Overnight, MSCIannounced&nbsp;that it was removing the company&nbsp;from the index.</p>\n<p>The exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.</p>\n<p>Perennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.</p>\n<p><img src=\"https://static.tigerbbs.com/983d8bd88798359d8c5dfdaf797a0c7d\" tg-width=\"1000\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Stock's a Cautionary Tale of the Risks of Passive Investing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Stock's a Cautionary Tale of the Risks of Passive Investing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02798":"久泰邦达能源"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134744863","content_text":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total exposure) through passive vehicles.\nThe Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.\nBut shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its inclusion in the benchmark index. Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.\nAnd so, the inevitable has happened. Overnight, MSCIannounced that it was removing the company from the index.\nThe exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.\nPerennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5508213,"gmtCreate":1628780529020,"gmtModify":1663232287538,"authorId":3564617891199080,"author":{"id":3564617891199080,"idStr":"3564617891199080","authorId":3564617891199080,"name":"ZeXiang","avatar":"https://static.tigerbbs.com/96b6f398f8ed5366a761ea232878d94b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":894909676,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"}],"langContent":"EN"},{"id":894074477,"gmtCreate":1628780111899,"gmtModify":1676529853756,"author":{"id":"3582683028009738","authorId":"3582683028009738","name":"eleele","avatar":"https://static.tigerbbs.com/23a6831fb1186ff7fe07e620ed152c84","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3582683028009738","idStr":"3582683028009738"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/894074477","repostId":1134744863,"repostType":4,"repost":{"id":"1134744863","pubTimestamp":1628779302,"share":"https://ttm.financial/m/news/1134744863?lang=&edition=fundamental","pubTime":"2021-08-12 22:41","market":"hk","language":"en","title":"This Stock's a Cautionary Tale of the Risks of Passive Investing","url":"https://stock-news.laohu8.com/highlight/detail?id=1134744863","media":"Bloomberg","summary":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinati","content":"<p>Do you own shares of Perennial Energy Holdings Ltd.?</p>\n<p>You might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as&nbsp;you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total&nbsp;exposure) through passive vehicles.</p>\n<p>The Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in&nbsp;China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.</p>\n<p>But shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its&nbsp;inclusion in the benchmark index.&nbsp;Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.</p>\n<p>And so, the inevitable has happened. Overnight, MSCIannounced&nbsp;that it was removing the company&nbsp;from the index.</p>\n<p>The exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.</p>\n<p>Perennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.</p>\n<p><img src=\"https://static.tigerbbs.com/983d8bd88798359d8c5dfdaf797a0c7d\" tg-width=\"1000\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Stock's a Cautionary Tale of the Risks of Passive Investing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Stock's a Cautionary Tale of the Risks of Passive Investing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02798":"久泰邦达能源"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134744863","content_text":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total exposure) through passive vehicles.\nThe Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.\nBut shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its inclusion in the benchmark index. Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.\nAnd so, the inevitable has happened. Overnight, MSCIannounced that it was removing the company from the index.\nThe exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.\nPerennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5508137,"gmtCreate":1628780175922,"gmtModify":1631892074352,"authorId":3582011605223524,"author":{"id":3582011605223524,"idStr":"3582011605223524","authorId":3582011605223524,"name":"FookChia","avatar":"https://static.tigerbbs.com/c8b4a1f99e8c51a51e93bfd003334327","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":894074477,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":894070120,"gmtCreate":1628779767260,"gmtModify":1676529853513,"author":{"id":"3574287254233482","authorId":"3574287254233482","name":"Fooyj898","avatar":"https://static.tigerbbs.com/9399f17ac78fd691d7f162f56e392004","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3574287254233482","idStr":"3574287254233482"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/894070120","repostId":1134744863,"repostType":4,"repost":{"id":"1134744863","pubTimestamp":1628779302,"share":"https://ttm.financial/m/news/1134744863?lang=&edition=fundamental","pubTime":"2021-08-12 22:41","market":"hk","language":"en","title":"This Stock's a Cautionary Tale of the Risks of Passive Investing","url":"https://stock-news.laohu8.com/highlight/detail?id=1134744863","media":"Bloomberg","summary":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinati","content":"<p>Do you own shares of Perennial Energy Holdings Ltd.?</p>\n<p>You might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as&nbsp;you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total&nbsp;exposure) through passive vehicles.</p>\n<p>The Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in&nbsp;China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.</p>\n<p>But shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its&nbsp;inclusion in the benchmark index.&nbsp;Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.</p>\n<p>And so, the inevitable has happened. Overnight, MSCIannounced&nbsp;that it was removing the company&nbsp;from the index.</p>\n<p>The exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.</p>\n<p>Perennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.</p>\n<p><img src=\"https://static.tigerbbs.com/983d8bd88798359d8c5dfdaf797a0c7d\" tg-width=\"1000\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Stock's a Cautionary Tale of the Risks of Passive Investing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Stock's a Cautionary Tale of the Risks of Passive Investing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02798":"久泰邦达能源"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134744863","content_text":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total exposure) through passive vehicles.\nThe Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.\nBut shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its inclusion in the benchmark index. Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.\nAnd so, the inevitable has happened. Overnight, MSCIannounced that it was removing the company from the index.\nThe exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.\nPerennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5508227,"gmtCreate":1628780580903,"gmtModify":1663232287934,"authorId":3581563743188197,"author":{"id":3581563743188197,"idStr":"3581563743188197","authorId":3581563743188197,"name":"JackChong91","avatar":"https://static.tigerbbs.com/f4460f6b09d4939c9db3fec40c248606","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":894070120,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":894046334,"gmtCreate":1628779516628,"gmtModify":1676529853393,"author":{"id":"3581937910767045","authorId":"3581937910767045","name":"Pluto891","avatar":"https://static.tigerbbs.com/c9963f2ef3d3ad2aff28340461d3d6d0","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3581937910767045","idStr":"3581937910767045"},"htmlText":"dump ... scams","listText":"dump ... scams","text":"dump ... scams","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894046334","repostId":1134744863,"repostType":4,"repost":{"id":"1134744863","pubTimestamp":1628779302,"share":"https://ttm.financial/m/news/1134744863?lang=&edition=fundamental","pubTime":"2021-08-12 22:41","market":"hk","language":"en","title":"This Stock's a Cautionary Tale of the Risks of Passive Investing","url":"https://stock-news.laohu8.com/highlight/detail?id=1134744863","media":"Bloomberg","summary":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinati","content":"<p>Do you own shares of Perennial Energy Holdings Ltd.?</p>\n<p>You might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as&nbsp;you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total&nbsp;exposure) through passive vehicles.</p>\n<p>The Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in&nbsp;China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.</p>\n<p>But shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its&nbsp;inclusion in the benchmark index.&nbsp;Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.</p>\n<p>And so, the inevitable has happened. Overnight, MSCIannounced&nbsp;that it was removing the company&nbsp;from the index.</p>\n<p>The exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.</p>\n<p>Perennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.</p>\n<p><img src=\"https://static.tigerbbs.com/983d8bd88798359d8c5dfdaf797a0c7d\" tg-width=\"1000\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Stock's a Cautionary Tale of the Risks of Passive Investing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Stock's a Cautionary Tale of the Risks of Passive Investing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02798":"久泰邦达能源"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134744863","content_text":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total exposure) through passive vehicles.\nThe Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.\nBut shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its inclusion in the benchmark index. Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.\nAnd so, the inevitable has happened. Overnight, MSCIannounced that it was removing the company from the index.\nThe exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.\nPerennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894048845,"gmtCreate":1628779490287,"gmtModify":1676529853369,"author":{"id":"3569303342488537","authorId":"3569303342488537","name":"ColeHii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3569303342488537","idStr":"3569303342488537"},"htmlText":"Lasted.","listText":"Lasted.","text":"Lasted.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/894048845","repostId":1134744863,"repostType":4,"repost":{"id":"1134744863","pubTimestamp":1628779302,"share":"https://ttm.financial/m/news/1134744863?lang=&edition=fundamental","pubTime":"2021-08-12 22:41","market":"hk","language":"en","title":"This Stock's a Cautionary Tale of the Risks of Passive Investing","url":"https://stock-news.laohu8.com/highlight/detail?id=1134744863","media":"Bloomberg","summary":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinati","content":"<p>Do you own shares of Perennial Energy Holdings Ltd.?</p>\n<p>You might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as&nbsp;you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total&nbsp;exposure) through passive vehicles.</p>\n<p>The Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in&nbsp;China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.</p>\n<p>But shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its&nbsp;inclusion in the benchmark index.&nbsp;Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.</p>\n<p>And so, the inevitable has happened. Overnight, MSCIannounced&nbsp;that it was removing the company&nbsp;from the index.</p>\n<p>The exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.</p>\n<p>Perennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.</p>\n<p><img src=\"https://static.tigerbbs.com/983d8bd88798359d8c5dfdaf797a0c7d\" tg-width=\"1000\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Stock's a Cautionary Tale of the Risks of Passive Investing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Stock's a Cautionary Tale of the Risks of Passive Investing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02798":"久泰邦达能源"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-12/this-stock-s-a-cautionary-tale-of-the-risks-of-passive-investing","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134744863","content_text":"Do you own shares of Perennial Energy Holdings Ltd.?\nYou might be surprised. Thanks to the machinations of MSCI’s benchmark indices there’s a good chance that you do, so long as you own broad exposure to China or emerging markets in general (where the Middle Kingdomnow accounts for 35% of total exposure) through passive vehicles.\nThe Hong Kong-listed coal miner was included in MSCI’s China Index back in May as part of the benchmark index provider’s quarterly review. Shares of the company, based in China’s southern Guizhou province, had surged almost 450% in the year before the index inclusion took effect, boosting its market value to a high of almost $3.4 billion -- sizable enough for it to be included in the China Index.\nBut shares of Perennial dropped a stunning 69% on thefirst day of tradingfollowing its inclusion in the benchmark index. Since then, shares of the company have dwindled to a fraction of what they once were, taking its market cap down to around $420 million.\nAnd so, the inevitable has happened. Overnight, MSCIannounced that it was removing the company from the index.\nThe exclusion means passive investors effectively bought at the top and are exiting very near to the bottom.\nPerennial’s brief adventure in the benchmark big leagues therefore serves as a neat reminder of the influence of index providers and who’s left holding the bag as more active investors try to take advantage of passive flows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5508007,"gmtCreate":1628779608090,"gmtModify":1663232287947,"authorId":3586426272011868,"author":{"id":3586426272011868,"idStr":"3586426272011868","authorId":3586426272011868,"name":"T0000024852","avatar":"https://static.tigerbbs.com/558c2124ff14f2c3586c97422ed4a346","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":894048845,"type":1,"supId":0,"prevId":0,"content":"hi","text":"hi","html":"hi"},{"id":5508021,"gmtCreate":1628779655797,"gmtModify":1663232287944,"authorId":3569375896365334,"author":{"id":3569375896365334,"idStr":"3569375896365334","authorId":3569375896365334,"name":"miaomee","avatar":"https://static.tigerbbs.com/fd309d5a46384576888494b61b0e5953","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":894048845,"type":1,"supId":5508007,"prevId":0,"content":"Pls hlp to like and comment","text":"Pls hlp to like and comment","html":"Pls hlp to like and comment"},{"id":5508017,"gmtCreate":1628779643041,"gmtModify":1663232287634,"authorId":3582890719532983,"author":{"id":3582890719532983,"idStr":"3582890719532983","authorId":3582890719532983,"name":"Yappie830","avatar":"https://static.tigerbbs.com/20b85051cf2f72ca21360c0cd39b3db1","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.31%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":894048845,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":56,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}