Business
One year on and 50% up, the All Technology Index is booming – The Motley Fool Australia
Next week marks one year since the S&P/ASX All Technology Index debuted. The Index is now up 50.5% from its debut.
Next week marks one year since the S&P/ASX All Technology Index (ASX: XTX) debuted. Launched at the end of February 2020, the All Technology Index debuted just in time for the March market meltdown.
The index saw its value tumble 42% between launch and the March 2020 low point. But all was not lost — since its March low, the index has regained 159% and is now up 50.5% from its debut, having performed on par with the NASDAQ 100 over the same period.
The All Technology Index was designed to be representative…
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