Motley Fool Australia

S&P/ASX All Technology Index (ASX All Tech)

What is the ASX All Technology (or ASX All Tech) Index?

The S&P/ASX All Technology Index (XTX) is the Australian Securities Exchange’s new technology index. The index itself is designed to be a broader, more inclusive index than the existing S&P/ASX 200 Information Technology Index, and will be a smaller, localised version of the US’s Nasdaq composite index. This reflects the broad range of ASX-listed companies in the technology sector.

At the time of writing (21 February 2020), the number of tech stocks listed on the ASX has doubled from 100 to over 200 in the last five years.

When was the ASX All Tech Index Launched?

The Index was officially launched on Friday 21st February, 2020, in Sydney, with technology minister Karen Andrews and executives from each of the WAAAX stocks (Wisetech, Afterpay, Altium, Appen and Xero) to celebrate the momentous occasion. The new All Tech Index will officially go-live on Monday 24 February 2020.

How is this different to the ASX 200 Information Technology Index?

The current S&P/ASX 200 Information Technology Index only covers tech companies in the ASX 200. However, the new ASX All Tech Index will encompass a wider span of technology classifications.

As ASX Executive General Manager of Listings and Issuer Services, Max Cunningham, told the Australian Financial Review, “The existing index is narrow and for it to be investible it needs a broad club of liquid names that reflect innovation and disruption. The IT index has the latter, but not a broad enough group, so we have worked with S&P to include GICS sub-categories spanning communication services like interactive media and healthcare technology, so it will better reflect a broader group, with more investment-grade companies.”

What Stocks are included on the ASX All Tech Index?

Below is the ASX All Tech Index list, sorted in alphabetical order. 46 companies are included as at the time of publishing, 26 February 2020.

Name Market Cap
Afterpay (APT) $9.878 billion
Alcidion Group (ALC) $188.23 million
Altium (ALU) $4.3 billion
Appen (APX) $2.89 billion
Atomos (AMS) $203 million
Audinate Group (AD8) $440 million
Bigtincan Holdings (BTH) $273 million
Bravura Solutions (BVS) $1.36 billion
Carsales.com (CAR) $4.39 billion
Catapult Group International (CAT) $368 million
Class (CL1) $272 million
Codan (CDA) $1.52 billion
Computershare (CPU) $9.04 billion
Data#3 (DTL) $677.5 million
Domain Holdings Australia (DHG) $2.02 billion
Dubber Corporation (DUB) $189.3 million
ELMO Software (ELO) $583.7 million
EML Payments (EML) $1.35 billion
FINEOS Corporation Holdings (FCL) $925.3 million
Hansen Technologies (HSN) $696.8 million
Infomedia (IFM) $627.14 million
Integrated Research (IRI) $498.4 million
Iress (IRE) $2.1 billion
Kogan.com (KGN) $472.14 million
Life360 (360) $446.2 million
Link Administration Holdings (LNK) $3.28 billion
Livetiles (LVT) $261 million
Megaport (MP1) $1.73 billion
Nearmap (NEA) $819 million
NetLinkz (NET) $120.63 million
NEXTDC (NXT) $2.64 billion
Over The Wire (OTW) $170.4 million
PainCheck (PCK) $124.26 million
Praemium (PPS) $169.47 million
Pro Medicus (PME) $2.29 billion
Pushpay Holdings (PPH) $1.1 billion
REA Group (REA) $14.4 billion
Redbubble (RBL) $286 million
ResApp (RAP) $181.7 million
Rhipe (RHP) $273.2 million
Technology One (TNE) $2.56 billion
The Citadel Group (CGL) $263.67 million
Volpara Health Technologies (VHT) $350.4 million
Webjet (WEB) $1.68 billion
Wisetech Global (WTC) $6 billion
Xero (XRO) $11.84 billion