Nuix cut in ASX 200 shake-up

S&P Dow Jones has rebalanced its portfolio of ASX-linked indices in a move that will see several companies drop off the benchmark indices as of September 20.

A view of the Australian Securities Exchange board is seen in Sydney on the last official day of reporting season. Picture: NCA NewsWire/ Gaye Gerard

S&P Dow Jones has rebalanced its portfolio of ASX-linked indices in a move that will see several companies drop off the benchmark indices as of September 20.

The quarterly rebalancing is closely watched as it can impact tens of billions of dollars of investment allocation among index-tracking funds.

The rebalance also represents a snapshot of changing fortunes of listed. companies.

A2 Milk, AGL Energy and Ampol have been dropped from the larger cap S&P/ASX 50 index, however ResMed and gaming company Tabcorp have been added.

Virgin Money UK has been added to the ASX 100 index, but Boral and Beach Energy have been removed.

Elsewhere in the widely watched S&P/ASX 200 index, Nuix, Westgold, NRW Holdings, and G8 Education have each lost their positions.

Tech company Nuix has come under focus after several rapid earnings downgrades in the wake of last year’s stockmarket listing has attracted the attention of the corporate regulator.

Companies added to the S&P/ASX 200 index include Lifestyle Communities, fund manager Pinnacle Investment Management Group, tourism operator Sealink Travel, and payments group Tyro Payments.