S&P/ASX 300
Australian stock market index / From Wikipedia, the free encyclopedia
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The S&P/ASX 300, or simply, ASX 300, is a stock market index of Australian stocks listed on the Australian Securities Exchange (ASX). The index is market-capitalisation weighted, meaning each company included is in proportion to the indexes total market value, and float-adjusted, meaning the index only considers shares available to public investors.
This article includes a list of general references, but it lacks sufficient corresponding inline citations. (February 2020) |
Foundation | 3 April 2000 |
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Operator | S&P Dow Jones Indices[1] |
Exchanges | ASX |
Constituents | 297 |
Type | Large-Medium Cap |
Market cap | AU$1.63 trillion |
Weighting method | Free-float capitalization weighted |
Related indices | S&P/ASX 200, All Ordinaries |
Website | https://us.spindices.com/indices/equity/sp-asx-300 |
Bloomberg | AS52:IND |
The index measures the performance of the top 300 companies listed on the ASX. The index was formed in April 2000, by Standard and Poor's Dow Jones Indices.[2] It was created to provide broader exposure to the Australian equity market compared to the S&P/ASX200[3] The index incorporates the same companies within the S&P/ASX 200, with the inclusion of 100 additional companies based on their market-capitalisation. Index components are reviewed semi-annually by Standard & Poor's. The average annual total return of the index is 19.3% as of 08/04/2020,[2] however, there have been multiple periods where the index fell over 30%.[4]