2020 BRN Discussion, page-27106

Inclusion in an index is regarded as positive, removal negative. And the driver - institutional money entering and leaving the stock based on which stocks they are allowed to hold. Institutional managers are governed by their mandates. In most cases that means being restricted to investing in the top 200 or 300 stocks.In Australia that means either the S&P/ASX 200 or S&P/ASX 300. S&P’s literature for the S&P/ASX 200 states that over A$200 billion is managed and benchmarked to the S&P/ASX 200, with the S&P/ASX 200 index regarded as Australia’s equity benchmark. So with that much money tracking the index changes to its composition matter.

Yes homeales, in our case I’m expecting a lot of line wipes near the end of March.