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Slang term for Australian stocks, it refers mostly to the stocks on the All Ordinaries index, which is composed of 280 of the most active Australian companies.
Investopedia Says:
Kangaroos are one of the most recognizable symbols of Australia, outside of Mel Gibson and Nicole Kidman of course.
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Nickname for Australian stocks. The term normally refers to stocks in the All Ordinaries Index and refers to the animal most closely associated with Australia.
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 | Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved. Read more |
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| Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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