S&P/ASX All Technology Index
S&P Dow Jones Indices (S&P DJI), in conjunction with the ASX Group (ASX), has launched the S&P/ASX All Technology Index, which is a broad representation of technology-focused companies listed on the Australian Securities Exchange.
The index selects stocks from ASX-listed companies that meet minimum float-adjusted market capitalisation and liquidity thresholds but it also includes smaller companies that are not yet members of the S&P/ASX 300. It will also include companies in technology-related sub-industries, such as consumer electronics, internet and direct marketing retail, interactive media and services and health care technology.
“The S&P/ASX All Tech Index has been several years in the making," executive general manager listings, issuer services and investment products at ASX, Max Cunningham, said.
"The technology sector has grown remarkably and Australia now has a vibrant ASX-listed tech environment with many well-known names. It now deserves an index of its own, which will enhance the profile and understanding of technology companies in Australia, and provide more opportunities for investors.”
S&P DJI has also entered into a license agreement with BetaShares to use the S&P/ASX All Technology Index for exchange traded products.