“This would probably affect international funds, given that Apple is such a big company globally,” Tim Schroeders, a Melbourne-based money manager at Pengana Capital Ltd. told Bloomberg News. He added, “Passive funds in particular will be forced to re-weight into those stocks that have had increases in weightings, and in the short term we will see some selling pressure on Apple.”

Around the world, the changes in the Nasdaq-100 will make it a more attractive measure of U.S. equities, Jacques Porta, who helps oversee about $400 million in stocks at Ofi Patrimoine in Paris, told the news service. “It’s no good to have your fund benchmarked to an index where so much is concentrated” in one stock, he said. “You cannot manage risk if there is no diversification, especially if volatility increases.”