re: Ann: ZSP: S&P DJ Indices Announces June Q...
Below is definition of the two indices: Basically All Australian excludes companies also listed on overseas exchanges and/or incorporated oversea.
I agree, All Australian 200 it is probably an index causing unnecessary confusion.
S&P/ASX All Australian 200. Launched in June 2007, the S&P/ASX All Australian 200 is made up of ASX listed securities that have been defined as ‘domestic’ or ‘Australian’ for index purposes. The S&P/ASX All Australian 200 is comprised of highly liquid constituents that are considered to be 200 of the largest index-eligible Australian securities listed on the ASX by float-adjusted market capitalization. The S&P/ASX All Australian 200 follows the same index construction rules relating to market capitalization and liquidity that are applied to the S&P/ASX 200. The only exception relates to the index eligibility of securities, with eligibility extending to Australian securities only. For a complete definition of “Domestic/Australian” securities, please refer to the section on Eligibility Criteria.
S&P/ASX 200. Upon its introduction in April 2000, the S&P/ASX 200 replaced the All Ordinaries index as the primary gauge for the Australian equity market. 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 widely considered Australia’s preeminent benchmark index. The index is float-adjusted, covering approximately 80% of Australian equity market capitalization. Listed companies place immense significance on their membership in the S&P/ASX 200 index. Inclusion in the index generates significant institutional interest for constituents, and proliferates widespread media and buy/sell side analytical coverage.
Domestic. A company is considered to be domestic if: • The company is incorporated in Australia and traded on the ASX; or • The company is incorporated overseas but has an exclusive listing on the ASX; or • The company is incorporated overseas and is traded on other overseas markets, but most of the trading activity occurs on the ASX.
Foreign-Domicile. Generally, a foreign-domicile company is a company that is: • Incorporated overseas; and/or • Listed on one or more overseas markets; and • Has the majority of its trading activity occurring on an overseas exchange.
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