Two indices have been created; FTSE/ASEAN Index that has 180 constituents and will be the benchmark for the five markets, and the FTSE/ASEAN 40 - the tradable index suitable for institutional and retail funds, Exchange Traded Funds and derivatives contracts. These indices are the first internationally recognised indices that have been created for the ASEAN equity markets as a regional grouping.
The indices were designed using international standards, are free float adjusted and based on the Industry Classification Benchmark (ICB).
The Exchanges in a joint statement said, “This regional collaboration represents the ASEAN exchanges’ efforts to promote the ASEAN financial markets. The indices that FTSE have developed based on recognised standards and methodology will increase the visibility of ASEAN to domestic and international investors, and brand ASEAN as an appealing asset class.”
Mark Makepeace, Chief Executive, FTSE Group said, “FTSE is delighted to have been selected by the ASEAN exchanges to create innovative index products for those looking to invest in the South East Asian market. This partnership again underlines FTSE’s success in working with leading financial institutions on a global basis.”
For full details, including constituent lists, performance and a research report based on the indices please visit http://www.ftse.com/ASEAN
