Since its debut in April 2000, the S&P/ASX index series has helped to define the Australian equity market. As Australia’s most widely followed market indicator, the S&P/ASX 200 serves as the de-facto measure of the value and performance of the nation’s stock market. In a literal sense, market peaks and valleys are reflected by the level of the S&P/ASX 200.

Introducing the S&P/ASX 200 High Dividend Index

Introducing the S&P/ASX 200 High Dividend Index

The Australian equity market is well known for its history of high dividend yield and well-cultivated dividend culture. With over AUD 3.5 billion AUM in exchange-traded products (ETPs), dividend income has become one of the most sought-after factor strategies in Australia.

The S&P/ASX 200 High Dividend Index is designed to measure the performance of 50 companies with the highest 12-month forecast dividend yield from the S&P/ASX 200. Its use of momentum screens and forecast dividend data may help to mitigate common risks faced by high dividend yield strategies.

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Exploring Dividends Down Under

Analyzing High Dividend Yield Strategies in Australia

What’s Driving the Continued Growth of Index Investing in Australia

The shift to passive investing has been driven in part by the frequent inability of active managers to outperform their benchmark over the past two decades.

The S&P Indices Versus Active (SPIVA®) Scorecard measures the performance of actively managed funds against their relevant benchmark in equities, A-REITs, and bonds.

Our annual Persistence Scorecard provides additional evidence that it’s hard for top-performing active funds to stay at the top.

SPIVA

S&P/ASX Ecosystem

With trillions of dollars in reported annual volumes, the S&P/ASX index series is linked to a deep ecosystem of liquid, tradable products available to support investors as they enter, and exit, the markets. An investor looking for access to an S&P/ASX index can get it through a range of instruments, including ETFs, options, and futures.

Although the S&P/ASX 200 stands out in particular for its associated liquidity, other S&P/ASX indices have benefited from their connections to this ecosystem. For example, products linked to sectors of the S&P/ASX 200 had a cumulative traded value of approximately AUD 5 billion in 2019.

1. Source: S&P Dow Jones Indices; Morningstar; Evestment. Data as of Dec 31, 2018.
2. Rainmaker Information. Data as of Sep 30, 2019.
3. Source: S&P Dow Jones Indices. Data as of Dec 31, 2019. Includes enhanced index products.
4. Sources: ASX Investment Products Monthly Update, as of December 2019. Figures include domestic equity and property ETFs.

Over Two Decades of Indexing Excellence

The S&P/ASX 200 has defined and transformed how market participants engage with the Australian equity market.
  • The S&P/ASX 200 at a Glance

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  • Celebrating 20 Years: How Times Have Changed

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  • A Chronology of the S&P/ASX Indices

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A Pillar of Australia’s Investment Infrastructure

Beyond the headline S&P/ASX 200, the S&P/ASX index series plays an integral role in Australia’s investment infrastructure. In fact, in the fund management industry, the S&P/ASX 200 and other S&P/ASX indices serve as the investable universe for actively managed strategies and as ways to benchmark active fund performance. Asset owners, such as superannuation funds, use the S&P/ASX indices to benchmark their domestic portfolios.

ESG Indexing in Australia Starts Now

The S&P/ASX 200 ESG Index represents S&P DJI’s first core ESG offering for the Australian market. It’s designed to exhibit risk/return characteristics similar to those of the S&P/ASX 200 while delivering an improved sustainability profile.


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Indices

GRAPH VIEW LIST VIEW

Going Green in Australia

Market participants are recognizing the importance of sustainable investing and the need to realign their portfolios to meet global ESG targets. Starting with the launch of the Dow Jones Sustainability Australia Index in 2006, S&P Dow Jones Indices has been at the forefront of Australia’s sustainable movement to identify local leaders in ESG based on long-term economic, environmental, and social criteria. As the importance of ESG investing has grown, our range of ESG indices has expanded to include the premier S&P/ASX 200 ESG in 2019 and the newly launched S&P/ASX 300 Net Zero 2050 Paris-Aligned ESG Index and S&P/ASX 300 Net Zero 2050 Climate Transition Index in November 2022.

Going Green in Australia

About the Exchange Partnership

S&P DJI and the Australian Securities Exchange (ASX) together provide a complete range of Australian market benchmarks.

Operating at the heart of the deep and liquid Australian financial markets, ASX has a proud history as an early and successful adopter of new technology. The exchange continues to focus on embracing innovative solutions for ease of the customer, helping companies grow, creating value for shareholders, and supporting the Australian economy. ASX is an integrated exchange offering listings, trading, clearing, settlement, technical and information services, and other post-trade services.

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Research and Insights

  • Talking Points: Tracking Covered Calls in the Australian Stock Market

    The S&P/ASX Buywrite Index seeks to track a theoretical covered call strategy, which refers to an option strategy in which the investor selling call options owns an equivalent amount of the underlying security.

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  • Australia & New Zealand Dashboard

    Get at-a-glance analysis of market performance in the region.

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  • Exploring Dividend Opportunities in Australia

    In this paper, we will outline how practitioners may use an indexing method to seek opportunities from high dividend yield strategies in the Australian market.

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  • Insights from Indexology® Blog

    Latest market commentary by industry subject matter professionals.

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  • ASX-Listed ETFs

    Explore the exchange-traded products available in the Australian market.

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