Gemma Dale

speaker
925 appearances 2 recordings 2 series first heard Jun 2026 last heard 18 Jun

Gemma Dale’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
2 · Jun OctJan 26AprJulnow

Recordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 2.

Appearances

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Yeah.
And it's worth noting the NASDAQ is an exchange.
The index is a different thing.
Yes.
It's not everybody on the exchange is in the NASDAQ 100, obviously.
So FTSE Russell, though, so the Russell did change and MISCI changed.
Yeah.
But MISCI, they have still got a free – so they allocate according to the free float, not the total market cap, and that's actually terribly important.
So when you look – back to the question from Chanterello, though, because this is why it's relevant to you.
As I said, the average person did not need to care –
if they didn't like a stock in the past.
They're like, I don't like that IPO.
I shall just not participate.
It is not relevant to me.
Now you need to care if it is going to go into an index that either your fund invests in, because a lot of funds are passive now, a lot of super funds have either insourced, so they run their own money, or instead of allocating to an external manager, or they just have index exposure.
Or is benchmark too?
And the benchmark's really important.
So if you are a fund manager and your benchmark is Misky World or is the S&P 500, you don't want to not have exposure to something that can go to the moon, no pun intended, because you may get left behind.
And if your performance is awful, then no one's going to invest with you.
You might lose your mandates and so on.
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