The S&P/ASX indices are a series of stock market indices that track the performance of companies listed on the Australian Securities Exchange (ASX). These indices serve as benchmarks for the Australian equity market and provide valuable insights into the overall health and trends of the Australian economy.
Here are some key S&P/ASX indices that we use (will use) on this site:
The S&P/ASX 20 measures actively traded and highly liquid securities among the 20 largest securities listed on the ASX.
The S&P/ASX 50 is Australia’s most prominent large-cap equity index and represents 50 of the largest and most liquid stocks listed on the ASX by float-adjusted market capitalization.
The S&P/ASX 100 measures the 100 largest index-eligible stocks listed on the ASX by float-adjusted market capitalization. The index is float-adjusted, with highly liquid securities and, therefore, institutionally investable. The S&P/ASX 100 includes both large- and mid-cap components of the S&P/ASX index universe.
The S&P/ASX 200 is the institutional investable benchmark in Australia. Index constituents are drawn from eligible companies listed on the Australian Securities Exchange. The S&P/ASX 200 measures the performance of the 200 largest index-eligible stocks listed on the ASX by float-adjusted market capitalization. Representative, liquid, and tradable, it is Australia’s preeminent benchmark index.
The S&P/ASX 300 is a broader index that includes the top 300 companies listed on the ASX. It provides a more comprehensive view of the Australian stock market compared to the S&P/ASX 200.
Investors, fund managers, and analysts use these indices to track the performance of various sectors, industries, and market segments in the Australian stock market. They serve as important tools for benchmarking investment performance and making informed investment decisions.