Australian indices are set for a shake-up as booming gold stocks climb the ranks, impacting both small and large-cap fund managers. Several gold miners, including Westgold Resources, Regis Resources, Vault Minerals and Greatland Gold, are poised to join the S&P/ASX 100. This shift, driven by a surge in gold prices, will increase the benchmark’s gold weighting to 5.5 per cent, the highest in decades. The changes, expected to be announced on March 6th and take effect a fortnight later, will trigger passive flows into the sector. (MarketMocha)
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