What is ASX SPI 200?

ASX SPI 200™ Futures are the benchmark derivative product for investors trading and hedging in the Australian equity index market. It is recognised as the investable benchmark for the Australian equities market and covers approximately 87% of the market capitalisation of listed securities in Australia.

How is the ASX SPI 200 calculated?

Calculations. The ASX 200 is capitalization-weighted, meaning a company’s contribution to the index is relative to its total market value i.e. share price multiplied by the number of tradeable shares.

What is the point value of the SPI 200 futures contract?

In this case, an ASX SPI 200 futures contract gives the owner the right to receive $25 in cash for each index point that the index is trading at, at a specified future point (expiration date) in time. So if the S&P/ASX 200 Index was trading at 5000 points at expiry, one SPI futures contract would be worth $125,000.

What time does ASX SPI 200 close?

Is the ASX SPI 200 based on a stock index?

ASX SPI 200™ Futures are based on the S&P/ASX 200 Index which comprises the S&P/ASX 100 plus an additional 100 stocks listed on the Australian market. It is recognised as the investable benchmark for the Australian equities market and covers approximately 87% of the market capitalisation of listed securities in Australia.

What is the S & P / ASX 200 Futures based on?

The S&P/ASX 200 Index. ASX SPI 200™ Futures are based on the S&P/ASX 200 Index which comprises the S&P/ASX 100 plus an additional 100 stocks listed on the Australian market. It is recognised as the investable benchmark for the Australian equities market and covers approximately 87% of the market capitalisation of listed securities in Australia.

Why is the S & P / ASX 200 Index rebalanced quarterly?

The index publisher, S&P Dow Jones, thus describes the S&P/ASX 200 as being the preeminent Australian benchmark because it is representative, liquid and tradable. The index was launched in April 2000, and is rebalanced quarterly to ensure the stocks included in the index meet the eligibility criteria.

What is the PE ratio of the ASX 200?

• PE Ratio is 55.40. Historical Return Since inception, the index has returned 3.72% p.a. excluding dividends and 7.97% including dividends (Dec 2020). Accumulation / Total Return The S&P/ASX 200 Index does not include dividends. The S&P/ASX 200 Gross Total Return Index includes all