S&P/ASX All Technology Index to go-live on 24 February 2020

  • Feb 22, 2020 AEDT
  • Team Kalkine

On 21 February 2020, ASX in partnership with S&P Dow Jones Indices launched a new technology sector index, the S&P/ASX All Technology Index.

The index is expected to go-live on 24 February 2020 (Monday) with 46 constituents having a combined market capitalisation of more than $100 billion.

Mr Dominic Stevens, CEO and Managing Director, ASX, mentions that there has been around 10 percent of the annualised total return from the S&P/ASX 200 over the three years gone by.

Further, he stated that if the S&P/ASX All Technology Index had existed earlier, it would have returned more than 20 percent for the same timeframe.

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

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