Is the value of an Index Share equivalent to 100 percent of the value of the underlying Index?
Index Shares – overviewNot necessarily. The share price of many Index Shares is set at a percentage of the Index upon which they are based. The chart below illustrates the relationship between the price of an Index Share and the level of the underlying Index. As an example, if the Nasdaq-100 Index? were at 4200 then the share price of the Nasdaq-100 Index Tracking StockSM (QQQ), at approximately 1/40th the value of the Index, would be approximately $105 per share.
