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Dow Australia

Dow Jones Indexes has launched a new Australian equities index. The Dow Jones Australia Index covers 95% of the Australian market, the provider says, and includes large, mid and small-cap sub-indices. Although the index was mainly developed as a benchmark, it would also be suitable to form the basis of derivative and other financial products, the provider says.
The index is built according to a transparent and systematic methodology. Its universe is all stocks traded on the Australian Stock Exchange, apart from those with less than six months’ trading history, foreign issues, non-ordinary equity issues, illiquid stocks and stocks mostly in single ownership.

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