The S&P/ASX Agribusiness Index boasts a combined market capitalisation of nearly $30 billion, and includes household names such as a2 Milk and Treasury Wine Estates.
Australian investors can track and participate in the ASX’s booming agricultural sector through a new specialist index, which boasts a combined market capitalisation of nearly $30 billion, in a single trade.P/ASX Agribusiness Index unites companies whose principal business activity involves the creation of agricultural products, or the production of commodities used in those products.
While the ASX has been planning the AgBiz index for nearly two years, its launch comes at a critical juncture for the industry, which is facing booming consumer demand and tight supply exacerbated by Russia’s invasion of Ukraine. “For many investors, the recent market volatility has highlighted the benefits of a diversified investment portfolio and of quality counter-cyclical stocks, such as those in the agribusiness sector,” Mr Chapman said.“The combination of accelerating climate risks, booming consumer demand, increasing complexity in geopolitical relations and supply chains, and exponential advances in technology is driving demand for capital in all stages in the value chain.
It will select companies from the largest 1000 ASX-listed securities, and include a total of 11 sub-industries such as brewers, packaged foods and meats, paper products, fertilisers and agricultural chemicals, distillers and vintners.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX LIVE: ASX to rise following Wall Street rallyAustralian shares to open higher; ASIC sues ANZ; AGL chair, CEO depart as it abandons demerger plans; Aliro bids for Australian Unity Office Fund; Bubs secures FDA discretion to import formula into US; Gold Road improves takeover bid for DGO. Follow the latest here.
Read more »
ASX LIVE: ASX to rise following Wall Street rallyAustralian shares to leap at the open; all three benchmarks rallied in New York on Friday; $A hits strongest level since May 5; Brent crude futures at two-month highs. Follow the latest here.
Read more »
ASX rises as global markets rally; AGL tumbles on demerger collapseAustralian shares have started the day higher, tracking gains on Wall Street.
Read more »
ASX to rise, but data could challenge the rebound’s strengthAustralian shares are set to open higher, after a rally in New York. The Australian dollar leapt nearly 1 per cent. Wednesday’s GDP tops a big data week.
Read more »
ASX to rise, but data could challenge the rebound’s strengthAustralian shares are set to open higher, after a rally in New York. The Australian dollar leapt nearly 1 per cent. Wednesday’s GDP tops a big data week.
Read more »
ASX to rise as investors prepare for GDP dataAustralian blue chips are set to rise on Monday after a surge in US stocks on Friday and ahead of economic growth data that will help define the path for interest rates.
Read more »