What is the ASX 100?

Submitted by Share Trading on 9 March, 2010 - 17:23

The S&P/ASX 100 (XTO)

The S&P/ASX 100 represents the large and mid cap universe for Australia, and is comprised of all the members of the S&P/ASX 50 and S&P/ASX MidCap 50 Indices. The ASX 100 index has a stock ticker code of XTO. It is comprised of 100 stocks selected by the S&P Australian Index Committee. The index provides a benchmark for large active managers whose emphasis is on having a portfolio with strong liquidity. It essentially covers large-cap and mid-cap stocks evaluated for liquidity and size. Index constituents are drawn from eligible companies listed on the Australian Stock Exchange. The S&P/ASX 100 is a component of the Australian indices that could be used as building blocks for portfolio construction.

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