Description
The S&P/ASX 300 index is a stock market index that tracks the performance of the 300 largest and most liquid companies listed on the Australian Securities Exchange (ASX) by market capitalisation. The index is designed to provide investors with broad exposure to the Australian equity market, covering the large-cap, mid-cap, and small-cap segments. The index accounts for about 87% of Australia’s equity market as of June 2023. The S&P/ASX 300 index is calculated and maintained by S&P Dow Jones Indices, a leading provider of global index services. The index is float-adjusted, meaning that only the shares that are available for public trading are included in the calculation. The index is rebalanced twice a year, in March and September, to reflect changes in the market composition and liquidity. The index is widely used as a benchmark for Australian equity funds and ETFs.