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    It's based on several criteria that include all of the following:
    • Market capitalisation
    • Relative liquidity
    • For industry-specific indices, classification in the relevant GICS category
    • Positive EPS for the last two consecutive years

    More details are in this document: https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-asx-australian-indices.pdf

 
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