BlackRock’s looming sell down of Meridian may never happen

Chief executive of Kernel Wealth, Dean Anderson.

Wed, 07 Apr 2021

The sell-down of Meridian and Contact Energy as S&P Dow Jones adjusts its clean energy index may be much smaller than has been predicted, according to one index fund expert. Chief executive of Kernel Wealth, Dean Anderson said reports suggesting the rebalancing would trigger the sale of as many as 100 million Meridian Energy shares were incorrect. Anderson said the index is only tracked by two BlackRock iShares funds in the US and the UK. The US fund only holds 61.2m Meridian Energy shares. That would mean a chunk of BlackR...

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