RE: ASX rebalance information27 Aug 2025 08:42
Quote:
"The West Australian miner, which has retained its London listing, is also on track to join the S&P/ASX 300 and Small Ordinaries. Morgan Stanley expects Greatland’s inclusion will generate $162.5 million of trades from investors that follow the three indices.
Argonaut portfolio manager David Franklyn bought Greatland when it traded solely in London in anticipation that the miner would dual-list on the ASX and then be promoted to larger indices. Greatland is the second-largest position in Argonaut’s Natural Resources Fund.
“When we bought Greatland in London, we saw it as a two-stage process. Firstly, it would move to Australia, and then it would be included in indices, which would open up the number of funds that could buy it,” said David Franklyn, who is portfolio manager of the Natural Resources Fund.
“In this day and age, where passive funds have such a big impact, it’s becoming increasingly important to think about this.” "