S&P/ASX All Technology Index
ASX continued to support the evolution of Australia’s technology industry with the launch of the S&P/ASX All Technology Index (All Tech Index) in early 2020.
Developed in partnership with S&P, the new index recognises the critical mass of technology companies now listed on ASX. The All Tech Index provides investors with an opportunity to see how the sector is tracking and gives them a benchmark to measure its performance.
At its launch in February 2020, it had 46 constituents with a combined market capitalisation of over $100 billion. It featured domestic and international companies, including from the United States, New Zealand and Ireland, which saw the opportunity to list and grow on ASX. Reflecting this growth, at its June 2020 rebalance, the number of constituents had increased to 50, with a total value of $110 billion.
The All Tech Index provides investors with exposure to this high growth and exciting sector. It also adds to the profile and attractiveness of Australia’s financial market.