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BHP is increasingly deciding the ASX’s fortunes

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Australian investors in S&P/ASX 200 index funds and benchmark-hugging active funds have been left vulnerable to huge concentration risk, with the local sharemarket returning to a period where just a handful of stocks controls its destiny.

VanEck’s Arian Neiron says concentration is not a good thing. Louise Kennerley

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William McInnes covers markets from Sydney including editing the Markets Live blog. Connect with William on Twitter. Email William at w.mcinnes@afr.com.au

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    Original URL: https://www.afr.com/markets/equity-markets/bhp-is-increasingly-deciding-the-asx-s-fortunes-20220218-p59xqz