10 S&P/ASX 300 growth shares with big potential

Every quarter the S&P Dow Jones Indices group adjust or rebalance their indices.

For example the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) index ranks the top 200 companies by size. The companies included in the top 200 must also be highly liquid and tradable.

In my opinion, watching which companies are added to the S&P/ASX 300 (Index: ^AXKO) (ASX: XKO) is a good pastime. That’s because it can include the smaller, emerging, companies listed on the ASX that you may not always notice.

Also, many of the largest fund managers (think superannuation funds, multinational asset managers, etc.) are prohibited from investing in companies smaller than those included in the S&P/ASX 300 for obvious reasons.

Therefore, when companies are added to the index, they can be bought by more money managers and index funds – making a stronger market for the company’s shares.

10 companies added to the S&P/ASX 300

Here are 10 companies added to the S&P/ASX 300:

Ticker Company Market Cap Industry
1PG 1-Page Ltd (ASX: 1PG) $191 million Software
3PL 3P Learning Ltd (ASX: 3PL) $186 million Consumer Services
A2M a2 Milk Company Ltd (Australia) (ASX: A2M) NZD1.3 billion Food, Beverage & Tobacco
ACX Aconex Ltd (ASX: ACX) $844 million Software
AJX Alexium International Group Ltd (ASX: AJX) $194 million Materials
AMA AMA Group Ltd (ASX: AMA) $393 million Retail
AYS Amaysim Australia Ltd (ASX: AYS) $315 million Telecommunication
BLA Blue Sky Alternative Investments Ltd (ASX: BLA) $342 million Financials
BWX BWX Ltd (ASX: BWX) $367 million Household & personal Products
CKF Collins Foods Ltd (ASX: CKF) $419 million Consumer Services

Data sourced from Google Finance.

Foolish takeaway

If you were looking for 10 potential growth shares to add to your research list, these companies could be what you need. Perhaps unsurprisingly, many of the these companies are technology-related or have embraced technology as a big part of their business. Perhaps it’s a sign of things to come?

Want a better STOCK idea?

The Motley Fool's expert analysts recently hand-picked their top technology stock idea for 2016. And it's easy to see why: It has a big dividend yield, is growing rapidly and has heaps of cash on its balance sheet. Best of all: their top stock pick of 2016 is yours free! Just click here, enter your email address, and we'll send you their research report. No credit card details or payment required.

Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes -- and encourages -- your feedback on Google+, LinkedIn or you can follow him on Twitter @ASXinvest.

Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.