The new index series will cover all of the Malaysian market and segment it by size. This segmentation, coupled with an index methodology which focuses on investibility and transparency, will allow the creation of new investment products, such as Exchange Traded Funds (ETF.A, ETF.US) as well as new derivatives and over the counter (OTC) products.
The indices in the new FTSE Bursa Malaysia Index Series which went live today are:
- FTSE Bursa Malaysia EMAS Index
- FTSE Bursa Malaysia Large 30 Index
- FTSE Bursa Malaysia Mid 70 Index
- FTSE Bursa Malaysia 100 Index
- FTSE Bursa Malaysia Small Cap Index
- FTSE Bursa Malaysia Fledgling Index
"The FTSE Bursa Malaysia index series provides a new perspective of the Malaysian capital market. It brings us one step closer to achieving our national vision of achieving developed market status. It raises the bar by which our market must now perform, by measuring our success using developed market benchmarks," Yusli added.
FTSE Deputy Chief Executive, Donald Keith said in his speech, "FTSE is delighted to be selected by Bursa Malaysia as its index partner. Weve worked hard together to identify the best design and construction for this innovative set of indices to measure and analyze the Malaysian market."
Todays launch marks the successful completion of the first phase of the collaboration between FTSE Group and Bursa Malaysia. The two parties will continue to work together on phase 2 which includes adding new indices which cover sectors and other market segments.
The FTSE Bursa Malaysia EMAS Index will replace the current EMAS Index with effect from now. However, the existing Kuala Lumpur Composite Index (KLCI) will be maintained and run concurrently with the FTSE Bursa Malaysia index series.
Index codes and performance information on all six new indices is available at www.ftse.com/bursamalaysia and www.bursamalaysia.com