The ASX All Technology Index opens for business today

The new ASX All Technology Index is set to commence operation today after launching on Friday.

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The new ASX All Technology Index is set to commence operation today after launching on Friday. The index, with the code XTX, will have a combined market capitalisation of more than $100 billion and include many of Australia's best known tech companies. 

The new index is designed to be a broader, more inclusive index than the existing S&P/ASX 200 Information Technology Index, reflecting the broad range of ASX-listed companies in the technology sector. The current Information Technology Index only covers ASX technology companies in the S&P/ASX 200 (INDEXASX: XJO)

Based on Friday's market capitalisations, the index is expected to be topped by accounting software provider Xero Limited (ASX: XRO). Computershare Limited (ASX: CPU) is next in line with the top 5 rounded out by Afterpay Ltd (ASX: APT), REA Group Limited (ASX: REA), and Altium Limited (ASX: ALU). 

The top 10 is expected to include Carsales.Com Ltd (ASX: CAR), WiseTech Global Ltd (ASX: WTC), Link Administration Holdings Ltd (ASX: LNK), Nextdc Ltd (ASX: NXT), and Appen Ltd (ASX: APX). 

As reported in ITnews, Federal Minister for Science and Technology Karen Andrews said the index would "play a big role in increasing the tech sector's visibility and will make it easier for everyday Australians to invest in tech companies, and share in their success."

The first ETF to track the index is set to launch shortly thanks to Betashares, and will trade under the ticker ATEC. This is expected to be an attractive proposition for investors. As the executive general manager of listings, issuer services and investment for the ASX Matt Cunningham told ITnews, "over the last three years the S&P ASX 200 annualised total return has been around 10% – while over the same period the technology companies who would have been in this index if it had existed, would have returned over 20%." 

The All Technology index is likely to boost the number of tech IPOs this year, following a fall in the number and value of IPOs in 2019. Tech stocks represented the highest number of new listings on the ASX in 2019, according to the Australian Financial Review. Notable tech IPOs in 2019 included Tyro Payments Ltd (ASX: TYR), Moneyme Ltd (ASX: MME), Openpay Group Ltd (ASX: OPY) and Limeade Inc (ASX: LME)

Cunningham told The Australian that the ASX is expecting at least 6 new sizeable technology company listings before the end of June, including companies from the US, Singapore, New Zealand, and Israel. 

Should you invest $1,000 in Plenti Group Limited right now?

Before you buy Plenti Group Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Plenti Group Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Kate O'Brien has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Link Administration Holdings Ltd. The Motley Fool Australia owns shares of AFTERPAY T FPO, Altium, Appen Ltd, WiseTech Global, and Xero. The Motley Fool Australia has recommended carsales.com Limited, Link Administration Holdings Ltd, and REA Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

Excited couple celebrating success while looking at smartphone.
Broker Notes

Bell Potter names the best ASX 200 stocks to buy in May

The broker is feeling bullish on these names this month. Let's find out why.

Read more »

Red buy button on an apple keyboard with a finger on it representing asx tech shares to buy today
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

A man casually dressed looks to the side in a pensive, thoughtful manner with one hand under his chin, holding a mobile phone in his hand while thinking about something.
Opinions

Investing in high-yield ASX stocks has two major negatives

High-yield stocks do have downsides.

Read more »

Person pretends to types on laptop drawn in sand.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a happy finish to the week for ASX shares this Friday.

Read more »

Three people in a corporate office pour over a tablet, ready to invest.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A mature age woman with a groovy short haircut and glasses, sits at her computer, pen in hand thinking about information she is seeing on the screen.
Share Market News

ASX shares in April: 8 key takeaways according to Macquarie

Here are eight key takeaways from April, according to a new note from the broker.

Read more »

Woman looking at a phone with stock market bars in the background.
Share Market News

Market outlook: Should I 'sell in May and go away'?

May is the time to sell... If you believe in fairytales.

Read more »

Five young people sit in a row having fun and interacting with their mobile phones.
Share Gainers

5 ASX All Ords stocks rocketing higher this week

Investors sent these five ASX All Ords stocks soaring this week. But why?

Read more »