Australia Equity

Australia equity mutual funds and ETFs own securities listed on the Australian... Australia equity mutual funds and ETFs own securities listed on the Australian Securities Exchange. The most well-known index is the ASX 200, which is a market capitalization-weighted index comprising the largest stocks in Australia. Australia equity mutual funds and ETFs tend to have very large weightings in financials and materials. Some of the largest companies include BHP Group, CSL Ltd, and Commonwealth Bank of Australia. These funds may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Australian Dollar. The Australian economy, the world’s 14th largest by nominal Gross Domestic Product as of 2019, is characterized by a focus on trade with Asia, a heavy reliance on services, and the production of natural resources. Investment as a share of GDP was 23.1% as of 2022, below the long-run average of 27.1% going back to 1959. Iron ore, gold, and natural gas are key exports. As a developed market economy, Australia equity mutual funds and ETFs are often purchased by more aggressive-minded investors. Last Updated: 12/20/2024 View more View less

Australia equity mutual funds and ETFs own securities listed on the Australian Securities Exchange. The most well-known index is the ASX 200, which is a market capitalization-weighted index comprising the largest stocks in... Australia equity mutual funds and ETFs own securities listed on the Australian Securities Exchange. The most well-known index is the ASX 200, which is a market capitalization-weighted index comprising the largest stocks in Australia. Australia equity mutual funds and ETFs tend to have very large weightings in financials and materials. Some of the largest companies include BHP Group, CSL Ltd, and Commonwealth Bank of Australia. These funds may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Australian Dollar. The Australian economy, the world’s 14th largest by nominal Gross Domestic Product as of 2019, is characterized by a focus on trade with Asia, a heavy reliance on services, and the production of natural resources. Investment as a share of GDP was 23.1% as of 2022, below the long-run average of 27.1% going back to 1959. Iron ore, gold, and natural gas are key exports. As a developed market economy, Australia equity mutual funds and ETFs are often purchased by more aggressive-minded investors. Last Updated: 12/20/2024 View more View less