Information on ASX emerging company index
https://www.asx.com.au/documents/products/emerging_companies_index_fact_sheet.pdf
The S&P/ASX Emerging Companies Index is the premier benchmark to measure the performance of microcap stocks in the Australian equity market. The index provides investors with a tool to effectively analyze characteristics of the microcap segment of the market. The S&P/ASX Emerging Companies index has a maximum quota of 200 securities that are selected based on aggregate total market-capitalization and liquidity criteria.
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