A few times a year market indices rebalance. ASX 200, 300, S&P 500, FTSE 100 etc. Happens all over the world. Companies enter and exit various indices. It’s a time when companies who might have had a roaring time of late get to move up in the world. For those who may have fallen on hard times, it’s unwanted recognition. They’re slipping down in the pecking order. No longer growing, but shrinking.
28 August, 2020