Australia now included on Freedom Index
Australia has now been included on the so-called Freedom Index provided by the non-profit company providing free indices for the asset management community.
The Freedom Index announced the availability of the Australian indices this week inclusive of:
Freedom AU 50
Freedom AU100
Freedom AU 250
Freedom AU 500
Freedom AU 1000
Freedom AU All Stock
Freedom AU 50 Equal Weight
Freedom AU 100 Equal Weight
Freedom AU 250 Equal Weight
Freedom AU 500 Equal Weight
In doing so, the index analysis noted that Australian large cap stocks had a very poor quarter which had had a knock-on effect on all the indices, but noting that Australian markets were still up for the year, with all indices showing positive returns for 2017 so far.
Weighing the performances of the United Kingdom, US and Australian indices, the Freedom Index said Australia had performed the worst although volatility was starting to rise higher in the UK and the US.
Looking at the Top Performers in the AU 500, the Freedom Index named Bellamy’s Australia Limited, CSG Limited, Appen Limited, Pacific Current Group Limited and Qantas. It named the worst performers as being Innate Immunotherapeutics, Ten Network Holdings, Quintis Limited, Via Group Limited and MMJ Phytotech Limited.
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