Why ex-20 is the prime hunting ground for ASX returns

Buy Hold Sell, by Livewire Markets · Mar 30, 2025 · 7m

Of the top 20 largest and most successful US companies from the past quarter century, only three remain constituents today – Walmart, Exxon Mobil and JP Morgan Chase. Of the top 20 largest and most successful Australian companies from 2000, more than half remain as constituents, with banks and miners dominating. While our biggest companies have served us well, the lack of innovation and new entrants into the upper echelons leaves the top part of our market looking old hat compared to global peers, lacking diversification and growth potential. Fortunately, looking outside the top 20 yields a…