Interesting thoughts, do we know if the ASX put the same level of due diligence into exclusions as they do new inclusions? Sounds like a lot of work if they do, it might be hard to get in given being outside is theoretically a less liquid market to find fair value, but once in they leave the market to do its job with price discovery and accept its conclusion (as laughable as that is compared to the reality of HFT etc).
Market Cap, page-79
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