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Zip (ASX:Z1P) enters the ASX 200

The S&P Dow Jones Indices has announced the changes to the various S&P/ASX Indices. The changes will happen on 21 September 2020. 
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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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The S&P Dow Jones Indices has announced the changes to the various S&P/ASX Indices. The changes will happen on 21 September 2020.

Let’s look at the various changes

ASX 20

In the ASX 20 there are two additions. Supermarket giant Coles Group Limited (ASX: COL) and iron miner Fortescue Metals Group Ltd (ASX: FMG) have made it in.

But COVID-19 impacts have caused ANZ Westfield owner Scentre Group (ASX: SCG) as well as Suncorp Group Ltd (ASX: SUN) to be kicked out.

ASX 100

Tech business Appen Ltd (ASX: APX) and ventilator manufacturer Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) have added to the ASX 100. Meanwhile, engineering business Cimic Group Ltd (ASX: CIM) and UK bank Virgin Money UK Plc (ASX: VUK) have been kicked out.

ASX 200

There were plenty of changes in the ASX 200. Making it into the ASX 200 were: NZ airport operator Auckland International Airport Limited (ASX: AIA), insurance business AUB Group Ltd (ASX: AUB), gold miner Ramelius Resources Limited (ASX: RMS), gold miner Westgold Resources Ltd (ASX: WGX) and buy now, pay later business Zip Co Ltd (ASX: Z1P).

However, a number of business had to leave as well. Out of the ASX 200 are: salary packaging business McMillan Shakespeare Limited (ASX: MMS), coal miner New Hope Corporation Limited (ASX: NHC), outdoor advertiser oOh!Media Ltd (ASX: OML), lithium miner Orocobre Limited (ASX: ORE) and media business Southern Cross Media Group Ltd (ASX: SXL).

ASX 300

I won’t cover every change in the ASX 300. For me, three interesting additions were: Reece Ltd (ASX: REH), Dicker Data Ltd (ASX: DDR) and Temple & Webster Group Ltd (ASX: TPW).

ASX All Technology Index

The Australian technology index has been expanded to include more names: Brainchip Holdings Ltd (ASX: BRN), Dicker Data, Envirosuite Limited (ASX: EVS), Mach7 Technologies Limited (ASX: M7T), Novonix Limited (ASX: NVX), Splitit Ltd (ASX: SPT), Sezzle Inc (ASX: SZL) and Whispir Limited (ASX: WSP).

Summary

It’s a shame to see some businesses being kicked out of an index, but these changes reflect the changing times – particularly due to COVID-19. It will be interesting to see if a business like Scentre manages to ever get back into the ASX 20 again.

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At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.

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