Equitable Investors is more interested in the performance of stocks than of market-cap weighted S&P/ASX indices. We track our “FIT” (Financials, Industrials & Technology) universe by measuring the share price performance of companies that meet the following criteria:
- Market caps of between between $10 million and $5 billion;
- At least $5m annual revenue in the previous financial year; and
- Not a mining or energy resource company.
The daily index performance is based on the average of all stocks meeting the criteria. It is not weighted by market cap or any other measure.