User:Pinkbike2095/sandbox
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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 its total market value, and float-adjusted, meaning the index only considers shares available to public investors.
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Foundation | April 3, 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 |
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 Industrial Indices. It was created to provide broader exposure to the Australian equity market[2]. 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[3], however, there have been multiple periods where the index fell over 30%[4].