CandleFocus Glossary Editor
Kangaroos are commonly used to refer colloquially to the stocks included in the Australian All-Ordinaries Index, which is a benchmark of the aggregate market value of the largest 500 traded companies in Australia. Popularly called the Aussie Index, the All-Ordinaries Index began in 1981 and is managed by the Australian Securities Exchange. As a representation of the health of Australia’s equity markets, it is one of the most important indices in the Southern Hemisphere.
The All-Ordinaries Index includes a broad selection of the most widely-traded companies listed on the Australian Stock Exchange and the major indices that measure their performance. Companies from various industries are included, such as consumer goods, energy, healthcare, materials, telecommunications, and transportation. The index is made up of the prices of 500 stocks at the beginning of every trading day, and is updated when they open and close.
In addition, ‘Kangaroos’ can also refer to Australian dollar-denominated securities, such as bonds issued in Australia by foreign companies. These bonds have become increasingly attractive to international investors looking to take advantage of the attractive terms of Australian bonds. The currency of the bond is usually denominated in the local currency, however, depending on the issuer and the investor’s choice, the bond could be denominated in other currencies, such as euros or yen.
The Australian Bonds market has become an important part of the global bond market, with a market size of approximately $1.1 trillion. Foreign investors also find that investing in Australia can provide them with a range of more stable investment opportunities, as well as more diverse exposure to foreign markets.
Overall, ‘Kangaroos’ are an important part of the Australian stock exchange. The All-Ordinaries Index provides investors with an overview of the performance of the largest 500 traded companies in Australia, while Kangaroo bonds offer international investors the potential to diversify their portfolios and invest in Australian debt securities. Therefore, when investors are looking to diversify their portfolios and gain exposure to the Australian stock exchange and the Australian bond markets, they should consider investing in “Kangaroos”.
The All-Ordinaries Index includes a broad selection of the most widely-traded companies listed on the Australian Stock Exchange and the major indices that measure their performance. Companies from various industries are included, such as consumer goods, energy, healthcare, materials, telecommunications, and transportation. The index is made up of the prices of 500 stocks at the beginning of every trading day, and is updated when they open and close.
In addition, ‘Kangaroos’ can also refer to Australian dollar-denominated securities, such as bonds issued in Australia by foreign companies. These bonds have become increasingly attractive to international investors looking to take advantage of the attractive terms of Australian bonds. The currency of the bond is usually denominated in the local currency, however, depending on the issuer and the investor’s choice, the bond could be denominated in other currencies, such as euros or yen.
The Australian Bonds market has become an important part of the global bond market, with a market size of approximately $1.1 trillion. Foreign investors also find that investing in Australia can provide them with a range of more stable investment opportunities, as well as more diverse exposure to foreign markets.
Overall, ‘Kangaroos’ are an important part of the Australian stock exchange. The All-Ordinaries Index provides investors with an overview of the performance of the largest 500 traded companies in Australia, while Kangaroo bonds offer international investors the potential to diversify their portfolios and invest in Australian debt securities. Therefore, when investors are looking to diversify their portfolios and gain exposure to the Australian stock exchange and the Australian bond markets, they should consider investing in “Kangaroos”.