Standard and Poor’s manage the main components which make up the ASX 200 and ASX 300 companies list. As these are market weight indicides, the equity value of the companies will change from the prior quarter and companies are added and removed from the respective index depending on the minimum threshold i.e 50, 100 or 200 largest companies.
S&P issue notices of change quarterly but the market volatility of March and April 2020 delayed the March index rebalance to June.
ASX 20
Index Additions
Aristocrat Leisure
Index Removals
Amcor AMC Industrial
ASX 50
Index Additions
A2M Milk
Index Removals
AMP
ASX 100
Index Additions
NextDC
Saracen Mineral
Index Removals
Unibail-Rodamco-Westfield
Whitehaven Coal
ASX 200 Rebalance Changes
[wpdatatable id=230]
The changes to the index is not overly focused on a particular sector. Notably the companies leaving the ASX 200 index include some of the previous high flyers such as Estia Health and Hub 24.
ASX 300 Rebalance Changes
There was no changes to the ASX 300 index for June 2020 as it is only rebalanced in March and September. Due to the market volatility from Covid-19, the rebalancing of ASX 300 was delayed for 3 months to June 22nd.
[wpdatatable id=235]