The listing also comes at a time when investment choice has diminished due to mergers and acquisitions, Glencore said. Commenting in today’s presentation on the group’s intention to debut on the ASX, Nagle said it was largely motivated by “reverse inquiry”, meaning demand from Australian investors who wanted more exposure to Glencore. Once indexed, Glencore shares will attract tracker funds which could increase demand and lead to a possible share re-rating. Aussie subplotsCommenting on the secondary listing, Nagle said the target was for an ASX 100 inclusion which he considered achievable given interest in the share in South Africa. “We certainly believe we can get to ASX 100, which is A$5.5bn on the ASX line,” he told analysts today.