HUB24 joins ASX 200, Brainchip into ASX 300

After Friday’s market close, the S&P Dow Jones Indices announced some changes in its quarterly rebalance of the S&P/ASX Indices.

The updated list could potentially move the prices of some shares as fund managers seek to readjust their portfolios. In addition, exchange-traded funds (EFT’s) will also see changes across the broader indices.

Here is a brief summary of the most well-known shares on the ASX that were added or removed on the S&P/ASX Indices.

Australia’s top 100 companies remained stable with no changes to their retrospective benchmark this quarter. However, it was a different story for the remaining indices.

S&P/ASX 200…