 |
 Video: What is a Stock Split?
|
|
|
| Global X FTSE Andean 40 is an open-end management investment company. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE Andean 40 Index (the Index). The Fund generally seeks to replicate the Index but may at times invest in a representative sample of securities that collectively has an investment profile similar to the Index and as a result may or may not hold all the securities that are included in the Index. As of Oct 31 2014, the Fund had total assets of $9,015,905 and its total investments were $9,014,741. According to our AND split history records, AND has had 2 splits. | |
|
AND (AND) has 2 splits in our AND split history database. The first split for AND took place on June 03, 1993. This was a 5 for 1
split, meaning for each share of AND owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 5000 share position following the split. AND's second split took place on September 18, 1997. This was a 2 for 1
split, meaning for each share of AND owned pre-split, the shareholder now owned 2 shares. For example, a 5000 share position pre-split, became a 10000 share position following the split.
When a company such as AND splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the AND split history from start to finish, an original position size of 1000 shares would have turned into 10000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AND shares, starting with a $10,000 purchase of AND, presented on a split-history-adjusted basis factoring in the complete AND split history.
No data found |
|
| Date |
Ratio |
| 06/03/1993 | 5 for 1
| | 09/18/1997 | 2 for 1
|
|
|
Free AND Email Alerts:
