One of Australia's largest brokerage groups has been included in the S&P/ASX 300 Index.
Mortgage Choice's inclusion in the top 300 came as a result of the S&P Dow Jones Indices September quarterly review.
The S&P/ASX 300 includes Australia’s 300 largest securities by float-adjusted market capitalisation.
Mortgage Choice spokesperson Jessica Darnbrough said it was a pleasing milestone for the company.
“Mortgage Choice officially listed on the Australian Stock Exchange in 2004 and since that time, gaining a position in the S&P/ASX 300 Index has been one of the company's goals,” she said.
Ms Darnbrough said the listing was a reflection of the strength of the organisation as a whole.
“It’s really a reflection of how well Mortgage Choice is performing,” she said. “It’s also a sign that the mortgage market is heating up, which is very pleasing to see, particularly for brokers.”
The development comes at a time of significant change for Mortgage Choice, which is currently in the process of launching its new financial planning business.
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