How have the constituents of the ASX 200 fared over the past 10 years? Explore the chart below to separate the stalwarts and fast growers from the cyclicals and turnarounds.
Australia’s blue-chip benchmark has shared fully in the global equity market rise of the past ten years, having risen over 90% in nominal terms since the financial crisis lows of 2009. The 6000 level still provides a fearsome psychological barrier to progress though, with time spent above that in the last ten years measurable in months. Sectorally, mining has become less dominant since the end of Australia’s breakneck mining boom. Now materials and energy account for about 25% of the ASX’ weighting, well below the near-40% of ten years ago.
Graph shows ASX 200 performance year on year over the past decade. Additional companies can be added to the chart using the search facility and filters below.
Though it hasn’t registered new all-time highs in the decade since the Global Financial Crisis the ASX200 index has still managed to deliver considerable returns for Australian equity investors.
Reflecting the make-up of the Australian economy, the performance of the ASX200 continues to be tied to the fortunes of the mining and financial sector. In the early years following the financial crisis, it was the mining boom and mining stocks that guided the ASX higher, before a falling interest rate environment, a housing boom, and a subsequent rally in financials stocks took the reigns and drove gains for the index in the mid-2010s.
While the Australian economy is evolving, and developing industries may well influence the future direction of the ASX200, the strength of the index remains reliance on the miners and financial sectors. This means the ASX200 remains sensitive to the dual macro-economic risks of slowing global growth, and tightening international financial conditions.
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ASX 200 – IG.com