Guess which company is now a stockmarket darling, despite a second half profit warning yesterday?

Why, it's Queensland railway operator, QR National, the stock many local fund managers spurned in the noisy privatisation late last year.

Now they want it because it's showing some potential, but more importantly it is about to be included in a number of major market measurement indexes, and fund managers need to own shares in these indexes, otherwise they won't perform as well and will look silly (or so they think).

Those same fund managers are now chasing stock because the share price has moved higher, reducing their