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ASX indices get rebalanced

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Index funds and other passive investment products will experience a reshuffling of their portfolios after the quarterly rebalancing of the Australian Securities Exchange (ASX) indices.

The benchmarks have seen the addition of predominantly energy and materials companies, which represented half of all newcomers. The ASX 50 saw the addition of Map Group, while Telecom Corporation of New Zealand was removed. The ASX 100 welcomed Macarthur Coal and Ten Network Holdings, while Energy Resources of Austalia and Nufarm were removed. The ASX 200 added OceanaGold, while Biota Holdings was cut.