Newbie question alert!
I'm interested in buying a stock that represents the general movement of the entire ASX. Is there such a thing?
So for example, if I'm tipping that the All Ords will increase a certain percentage over the next month - is there a stock I can buy that is a pretty close match?
Hopefully there is, and I'm looking to by options, not shares.
I see there is an "ASX" stock, but it appears that this is not really related to the overall movement of the entire aussie stock market... its just the actual ASX company.