S&P And ASX Announce Details Of Two New Domestic Indices

In February this year Standard & Poor’s Index Services (S&P) and the Australian Securities Exchange (ASX) announced changes to their Australian index methodology to allow foreigndomiciled companies to be considered for inclusion in the S&P/ASX indices.

To cater for those investors who want a purely Australian benchmark (i.e. excluding foreign-domiciled companies) two new indices will be created consisting exclusively of Australian domestic companies. The new indices, available in June 2007, will provide investors with a benchmark to monitor the performance of Australian domestic companies and also a means to construct internationally diversified portfolios with a clear and concise allocation to Australian equities.

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