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Asean Exchanges Introduce Three New Tradable Asean Indices

[ 09-06-2014 ]
Asean Exchanges Introduce Three New Tradable Asean Indices
KUALA LUMPUR, May 29 (Bernama) -- Asean Exchanges today announced an expanded FTSE Asean Index Series including a comprehensive suite of indexes broadly covering the growing Asean equity market.

The new indexes are the FTSE Asean All-Share Index, FTSE Asean Stars Index and FTSE Asean All Share Ex-Developed Index, it said in a statement here.

"The creation of the indexes will be the building block towards creating broader benchmark indexes, meaningful sectors indexes and new Asean-centric products that will bring more Asean tradable opportunities for investors and enhance liquidity among the exchanges," it said.

Meanwhile, the inclusion of constituents from Vietnam to the FTSE Asean Index Series will increase visibility and transparency of Asean and create a larger universe of stocks for all Asean markets.

Previously, Asean Exchanges comprised the constituents from the five markets of Thailand, Malaysia, Singapore, Indonesia and the Philippines.

The new FTSE Asean Index Series includes the FTSE Asean All-Share Index as the broad headline benchmark representing 90-95 per cent of the investable market capitalisation in the region.

The existing FTSE Asean Index Series was originally initiated in partnership with the Asean Finance Ministers to promote Asean as a regional equity market grouping.

The Asean Exchanges launched in Bali, Indonesia in April 2011.